Cushing Asset Management LP decreased its position in Select Energy Services Inc (NYSE:WTTR) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,187 shares of the company’s stock after selling 23,101 shares during the quarter. Cushing Asset Management LP’s holdings in Select Energy Services were worth $6,241,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WTTR. New York State Common Retirement Fund acquired a new stake in Select Energy Services in the second quarter valued at approximately $102,000. First Dallas Securities Inc. acquired a new stake in Select Energy Services during the fourth quarter worth approximately $136,000. Strs Ohio raised its holdings in Select Energy Services by 185.2% during the fourth quarter. Strs Ohio now owns 7,700 shares of the company’s stock worth $140,000 after purchasing an additional 5,000 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Select Energy Services during the second quarter worth approximately $141,000. Finally, California State Teachers Retirement System raised its holdings in Select Energy Services by 117.4% during the third quarter. California State Teachers Retirement System now owns 15,000 shares of the company’s stock worth $239,000 after purchasing an additional 8,100 shares in the last quarter. 43.03% of the stock is currently owned by hedge funds and other institutional investors.

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Select Energy Services Inc (NYSE WTTR) opened at $13.42 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.83 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1,430.00 and a P/E ratio of -55.92. Select Energy Services Inc has a 1 year low of $11.22 and a 1 year high of $21.96.

A number of analysts have weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 price objective on shares of Select Energy Services in a report on Thursday. Zacks Investment Research cut shares of Select Energy Services from a “buy” rating to a “sell” rating in a report on Wednesday. B. Riley set a $24.00 price objective on shares of Select Energy Services and gave the stock a “buy” rating in a report on Tuesday. Citigroup raised shares of Select Energy Services from a “sell” rating to a “neutral” rating and set a $17.00 price objective on the stock in a report on Tuesday, February 13th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $20.00 price objective on shares of Select Energy Services in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Select Energy Services currently has a consensus rating of “Hold” and a consensus price target of $19.11.

In other Select Energy Services news, Director Richard Alan Burnett bought 2,500 shares of the stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average cost of $14.14 per share, for a total transaction of $35,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Holli C. Ladhani bought 29,388 shares of the stock in a transaction dated Wednesday, March 14th. The shares were acquired at an average price of $13.87 per share, for a total transaction of $407,611.56. The disclosure for this purchase can be found here.

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Select Energy Services Company Profile

Select Energy Services, Inc is a holding company. The Company is provider of total water solutions to the United States unconventional oil and gas industry. The Company is engaged in sourcing and transfer of water prior to its use in drilling and completion activities associated with hydraulic fracturing or fracking, which collectively referrd to as pre-frac water services.

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Institutional Ownership by Quarter for Select Energy Services (NYSE:WTTR)

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