Charles Schwab Investment Management Inc. Increases Position in TETRA Technologies, Inc. (NYSE:TTI)

Charles Schwab Investment Management Inc. raised its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,086,670 shares of the oil and gas company’s stock after buying an additional 92,493 shares during the period. Charles Schwab Investment Management Inc. owned about 0.82% of TETRA Technologies worth $3,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after acquiring an additional 357,455 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of TETRA Technologies during the third quarter worth about $418,000. Barclays PLC lifted its position in shares of TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after purchasing an additional 165,184 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of TETRA Technologies in the third quarter valued at approximately $2,546,000. Finally, Stifel Financial Corp grew its holdings in shares of TETRA Technologies by 703.0% in the third quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock valued at $671,000 after purchasing an additional 189,484 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TETRA Technologies Price Performance

Shares of NYSE TTI opened at $3.53 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The company has a market cap of $466.69 million, a price-to-earnings ratio of 176.34 and a beta of 2.04. The stock’s 50-day moving average is $4.03 and its two-hundred day moving average is $3.69. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $5.12.

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

TETRA Technologies Profile

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.