UBS Oconnor LLC acquired a new stake in shares of Select Energy Services Inc (NASDAQ:WTTR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 46,342 shares of the company’s stock, valued at approximately $563,000. UBS Oconnor LLC owned approximately 0.15% of Select Energy Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WTTR. New York State Common Retirement Fund purchased a new position in shares of Select Energy Services in the 2nd quarter worth approximately $102,000. Alliancebernstein L.P. acquired a new stake in shares of Select Energy Services in the 2nd quarter worth $141,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Select Energy Services in the 2nd quarter worth $192,000. Laurion Capital Management LP purchased a new position in Select Energy Services during the 2nd quarter worth $304,000. Finally, Citadel Advisors LLC purchased a new position in Select Energy Services during the 2nd quarter worth $348,000.

Select Energy Services Inc (NASDAQ WTTR) traded down 0.19% during midday trading on Tuesday, hitting $15.71. The company had a trading volume of 5,029 shares. The company has a market cap of $476.19 million and a price-to-earnings ratio of 0.97. Select Energy Services Inc has a 12 month low of $11.22 and a 12 month high of $17.25. The firm has a 50-day moving average price of $15.05 and a 200-day moving average price of $14.33.

Several brokerages recently issued reports on WTTR. Zacks Investment Research lowered Select Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. FBR & Co set a $23.00 price objective on shares of Select Energy Services and gave the company a “buy” rating in a report on Tuesday, July 18th. J P Morgan Chase & Co decreased their price objective on shares of Select Energy Services from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Select Energy Services from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Citigroup Inc. lowered shares of Select Energy Services from a “buy” rating to a “sell” rating and cut their price target for the company from $18.00 to $15.00 in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Select Energy Services currently has an average rating of “Hold” and a consensus price target of $18.86.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/03/ubs-oconnor-llc-acquires-shares-of-46342-select-energy-services-inc-wttr.html.

About Select Energy Services

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.

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

Receive News & Stock Ratings for Select Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Energy Services Inc and related stocks with our FREE daily email newsletter.