TETRA Technologies, Inc. (NYSE:TTI) Stock Holdings Lessened by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 6.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 207,622 shares of the oil and gas company’s stock after selling 14,577 shares during the period. Rhumbline Advisers owned about 0.16% of TETRA Technologies worth $743,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC boosted its stake in shares of TETRA Technologies by 23.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 6,684 shares during the period. Everett Harris & Co. CA boosted its position in TETRA Technologies by 9.3% during the fourth quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company’s stock valued at $1,708,000 after purchasing an additional 40,723 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TETRA Technologies by 233.2% in the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after purchasing an additional 357,455 shares in the last quarter. Barclays PLC grew its stake in TETRA Technologies by 369.6% in the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after purchasing an additional 165,184 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in TETRA Technologies by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company’s stock worth $8,458,000 after purchasing an additional 17,802 shares during the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

TETRA Technologies Stock Down 3.4 %

TTI stock opened at $3.28 on Friday. The firm has a market cap of $433.59 million, a PE ratio of 163.83 and a beta of 2.04. TETRA Technologies, Inc. has a 1 year low of $2.68 and a 1 year high of $5.12. The company has a fifty day simple moving average of $4.17 and a 200 day simple moving average of $3.65. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Sell-side analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reiterated a “buy” rating and set a $5.50 price target on shares of TETRA Technologies in a report on Thursday, February 27th.

About TETRA Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.