M&T Bank Corp Acquires New Stake in TETRA Technologies, Inc. (NYSE:TTI)

M&T Bank Corp acquired a new stake in shares of TETRA Technologies, Inc. (NYSE:TTI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,858 shares of the oil and gas company’s stock, valued at approximately $53,000.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in TETRA Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock valued at $3,890,000 after acquiring an additional 92,493 shares during the period. KLCM Advisors Inc. purchased a new stake in shares of TETRA Technologies in the 4th quarter worth $36,000. Stoneridge Investment Partners LLC lifted its holdings in shares of TETRA Technologies by 23.1% in the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock worth $128,000 after buying an additional 6,684 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of TETRA Technologies by 9.3% in the 4th quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company’s stock worth $1,708,000 after buying an additional 40,723 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of TETRA Technologies by 233.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after buying an additional 357,455 shares during the period. Hedge funds and other institutional investors own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

TETRA Technologies Price Performance

Shares of TTI stock opened at $3.35 on Friday. The stock has a market capitalization of $442.86 million, a price-to-earnings ratio of 167.33 and a beta of 2.04. 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, Inc. has a twelve month low of $2.68 and a twelve month high of $5.12. The stock has a fifty day simple moving average of $4.13 and a two-hundred day simple moving average of $3.66.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $134.50 million during the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.