CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $6.1M to WTTR Stake

Cushing Asset Management boosted its stake in Select Water Solutions, Inc. (WTTR) by 310,000 shares, bringing its total to 1.33 million shares. This increase, disclosed in a filing on October 26, 2026, represents a 30.4% rise in their position, valued at about $26.3 million.

WTTR Select Water Solutions, Inc.

$18.75 ▲ +71.39% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Select Water Solutions Fits in Cushing Asset Management's Portfolio

Cushing holds 1.86% of its total reported portfolio in Select Water Solutions, ranking it 18th among 73 positions.

Other Institutional Activity in Select Water Solutions

Franklin Resources, Inc. grew its holdings by 334,865 shares, ending with 11,207,094 shares valued at about $210.1 million. American Century Companies Inc added 158,269 shares, bringing its total to 4,165,082 shares worth around $78.1 million. Merewether Investment Management, LP increased its stake by 67,022 shares, now holding 2,955,888 shares valued at about $55.4 million.

Select Water Solutions, Inc. Stock Up 6.9%

The stock was recently trading around $18.75, which is below its 50-day moving average of $19.74 and 16.9% below its 52-week high of $22.55. It is, however, more than 101% above its 52-week low of $9.29, showing strong recovery potential.

Recent Earnings

Select Water Solutions reported trailing twelve-month revenue of approximately $1.43 billion, with an earnings per share (EPS) of $0.28. The company is set to release its next earnings report on November 3, 2026.

Dividend

The company has a dividend rate of $0.28 per share, translating to a yield of 1.54%, with a payout ratio of 100%.

Insider Buying and Selling at Select Water Solutions, Inc.

Recent insider transactions include Brian Szymanski, an officer, selling 20,000 shares on May 11, 2026, valued at about $340,800. Chief Operating Officer Michael Skarke sold 110,000 shares on May 12, 2026, totaling around $1.91 million. Director Richard Alan Burnett sold 65,000 shares on May 15, 2026, valued at about $1.22 million. L.P. Crestview Partners II Gp, a major beneficial owner, sold 3.25 million shares on May 19, 2026, worth approximately $61.5 million.

Analysts Set New Price Targets

On August 6, 2026, Raymond James downgraded the stock to an Outperform rating with a price target of $26.00, up from a prior target of $24.00. JP Morgan initiated coverage with an Overweight rating and a target of $24.00 on August 21, 2026. B of A Securities maintained a Buy rating with a target of $28.00 on September 30, 2026. The consensus recommendation for the stock is a strong buy, with a mean price target of $25.00 based on seven analyst opinions.

About Select Water Solutions

Select Water Solutions, Inc. provides water management services to the energy sector in the U.S. The company operates in three segments: Water Infrastructure, Water Services, and Chemical Technologies. This recent increase in Cushing's stake reflects confidence in the company's growth amidst a fluctuating market environment.

Bottom Line

Investors should watch for the upcoming earnings report on November 3, 2026, for insights into Select Water Solutions' performance. Cushing Asset Management's boost in shares suggests a positive outlook for the company, which is navigating a mixed trading environment.