ProShare Advisors LLC Sells 5,731 Shares of TETRA Technologies, Inc. (NYSE:TTI)

ProShare Advisors LLC lessened its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 25.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,791 shares of the oil and gas company’s stock after selling 5,731 shares during the quarter. ProShare Advisors LLC’s holdings in TETRA Technologies were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in TETRA Technologies by 15.4% during the 1st quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 2,251 shares in the last quarter. Spouting Rock Asset Management LLC boosted its position in shares of TETRA Technologies by 10.3% in the 4th quarter. Spouting Rock Asset Management LLC now owns 30,943 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 2,897 shares in the last quarter. Diversified Trust Co boosted its position in shares of TETRA Technologies by 12.0% in the 2nd quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 4,247 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of TETRA Technologies by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock worth $456,000 after purchasing an additional 5,265 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TETRA Technologies by 27.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,812 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 7,784 shares in the last quarter. Institutional investors own 70.19% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 9th.

TETRA Technologies Stock Performance

Shares of TTI opened at $3.50 on Tuesday. The stock has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.63. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $6.77. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.72 and a current ratio of 2.41. The stock has a market cap of $459.42 million, a P/E ratio of 21.85 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a return on equity of 18.84% and a net margin of 1.61%. The firm had revenue of $171.94 million for the quarter, compared to analyst estimates of $180.66 million. As a group, research analysts predict that TETRA Technologies, Inc. will post 0.19 EPS for the current year.

TETRA Technologies Company 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.