Select Energy Services Inc (WTTR) Shares Bought by Deutsche Bank AG
Deutsche Bank AG increased its holdings in Select Energy Services Inc (NYSE:WTTR) by 731.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,804 shares of the company’s stock after purchasing an additional 202,154 shares during the period. Deutsche Bank AG owned 0.22% of Select Energy Services worth $4,190,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Simmons L E & Associates Inc. purchased a new stake in shares of Select Energy Services during the 4th quarter worth approximately $295,330,000. BlackRock Inc. raised its holdings in shares of Select Energy Services by 155.3% during the 4th quarter. BlackRock Inc. now owns 1,216,777 shares of the company’s stock worth $22,194,000 after acquiring an additional 740,120 shares in the last quarter. Arosa Capital Management LP purchased a new stake in shares of Select Energy Services during the 4th quarter worth approximately $7,953,000. Bank of New York Mellon Corp raised its holdings in shares of Select Energy Services by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,326,340 shares of the company’s stock worth $42,433,000 after acquiring an additional 390,117 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its holdings in shares of Select Energy Services by 424.5% during the 4th quarter. K2 Principal Fund L.P. now owns 365,969 shares of the company’s stock worth $6,675,000 after acquiring an additional 296,198 shares in the last quarter. 43.03% of the stock is currently owned by institutional investors.
WTTR has been the topic of several recent research reports. Zacks Investment Research cut Select Energy Services from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. B. Riley upped their price objective on Select Energy Services from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine cut Select Energy Services from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Citigroup raised 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, Piper Jaffray reaffirmed a “buy” rating and set a $18.00 price objective on shares of Select Energy Services in a report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.80.
Select Energy Services (NYSE:WTTR) last released its quarterly earnings results on Wednesday, March 7th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Select Energy Services had a negative net margin of 2.31% and a positive return on equity of 0.96%. The company had revenue of $304.24 million for the quarter, compared to analysts’ expectations of $294.60 million. sell-side analysts forecast that Select Energy Services Inc will post 0.85 EPS for the current year.
In related news, Director Richard Alan Burnett purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were bought at an average price of $14.14 per share, for a total transaction of $35,350.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Holli C. Ladhani acquired 29,388 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was acquired at an average cost of $13.87 per share, for a total transaction of $407,611.56. The disclosure for this purchase can be found here. Corporate insiders own 8.29% of the company’s stock.
About Select Energy Services
Select Energy Services, Inc, an oilfield services company, provides water solutions to the United States unconventional oil and gas industry. The company operates through three segments: Water Solutions, Accommodations and Rentals, and Wellsite Completion and Construction Services. The Water Solutions segment provides water solutions, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary pipe; the containment of fluids off-and on-location; measuring and monitoring of water; the filtering and treatment of fluids, well testing, and handling of flowback and produced formation water; and the transportation and recycling or disposal of drilling, completion, and production fluids.
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