BlackRock Updates Select Water Solutions Stake in SC 13G/A Filing
Ticker: WTTR · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1693256
| Field | Detail |
|---|---|
| Company | Select Water Solutions, Inc. (WTTR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its stake in Select Water Solutions, keep an eye on institutional sentiment!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Select Water Solutions, Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 4, updates their previous disclosures regarding their stake in the oil and gas field services company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence or lack thereof in Select Water Solutions, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock's updated ownership in Select Water Solutions, providing transparency on a significant institutional investor's position, which can impact market perception.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership, not indicating any immediate high-risk event.
Analyst Insight
An investor should note BlackRock's continued presence as a major holder, but without specific changes in ownership percentage or intent, this filing primarily serves as an update rather than a signal for immediate action. It's worth monitoring future filings for any significant increases or decreases in BlackRock's stake.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Select Water Solutions, Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of Select Water Solutions stock. (BlackRock Inc.) — high confidence, target: Q1 2025
- The updated filing will have a neutral to slightly positive impact on investor sentiment for Select Water Solutions. (Select Water Solutions, Inc.) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The subject company is Select Water Solutions, Inc., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Select Water Solutions, Inc.'.
What is the specific class of securities being reported in this filing?
The specific class of securities being reported is 'Class A Common Stock' of Select Water Solutions, Inc.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified by 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Select Water Solutions, Inc. (WTTR).