American Financial Group Inc. increased its holdings in shares of Select Energy Services Inc (NYSE:WTTR) by 61.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,413,948 shares of the company’s stock after buying an additional 540,140 shares during the period. Select Energy Services comprises 2.0% of American Financial Group Inc.’s investment portfolio, making the stock its 18th largest holding. American Financial Group Inc.’s holdings in Select Energy Services were worth $20,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its holdings in shares of Select Energy Services by 124.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 48,523 shares of the company’s stock valued at $885,000 after purchasing an additional 26,928 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Select Energy Services by 24.8% in the first quarter. Rhumbline Advisers now owns 22,952 shares of the company’s stock valued at $290,000 after purchasing an additional 4,565 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of Select Energy Services in the first quarter valued at approximately $391,000. Salzhauer Michael bought a new position in shares of Select Energy Services in the first quarter valued at approximately $126,000. Finally, B. Riley Financial Inc. lifted its holdings in shares of Select Energy Services by 180.0% in the first quarter. B. Riley Financial Inc. now owns 435,267 shares of the company’s stock valued at $5,493,000 after purchasing an additional 279,803 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WTTR opened at $13.50 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.40 and a quick ratio of 2.16. The company has a market cap of $1.44 billion, a P/E ratio of 16.88 and a beta of 2.44. Select Energy Services Inc has a 12 month low of $11.50 and a 12 month high of $21.96.

Select Energy Services (NYSE:WTTR) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.24. The company had revenue of $393.20 million during the quarter, compared to the consensus estimate of $403.45 million. Select Energy Services had a return on equity of 3.53% and a net margin of 1.58%. Select Energy Services’s revenue was up 192.6% on a year-over-year basis. During the same period last year, the business posted ($0.16) earnings per share. equities research analysts predict that Select Energy Services Inc will post 0.91 EPS for the current year.

A number of research firms have recently weighed in on WTTR. Zacks Investment Research lowered Select Energy Services from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine upgraded Select Energy Services from a “sell” rating to a “hold” rating in a report on Friday, May 11th. B. Riley set a $22.00 target price on Select Energy Services and gave the company a “buy” rating in a report on Monday, August 13th. Piper Jaffray Companies restated a “buy” rating on shares of Select Energy Services in a report on Thursday, August 16th. Finally, Seaport Global Securities restated a “buy” rating and issued a $27.00 target price on shares of Select Energy Services in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.86.

In other Select Energy Services news, CFO Nick L. Swyka purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was bought at an average cost of $13.64 per share, with a total value of $34,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.29% of the company’s stock.

Select Energy Services Profile

Select Energy Services, Inc, an oilfield services company, provides water management and chemical solutions to the unconventional oil and gas industry in the United States and Western Canada. The company operates through three segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services, including the sourcing of water; the transfer of the water to the wellsite through permanent pipeline infrastructure and temporary hose; 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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Institutional Ownership by Quarter for Select Energy Services (NYSE:WTTR)

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