Charles Schwab Investment Management Inc. Has $3.08 Million Stake in TETRA Technologies, Inc. (NYSE:TTI)

Charles Schwab Investment Management Inc. boosted its position in TETRA Technologies, Inc. (NYSE:TTI) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 994,177 shares of the oil and gas company’s stock after purchasing an additional 26,322 shares during the period. Charles Schwab Investment Management Inc. owned 0.75% of TETRA Technologies worth $3,082,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. HITE Hedge Asset Management LLC bought a new stake in shares of TETRA Technologies in the second quarter worth $4,368,000. Masters Capital Management LLC grew its position in shares of TETRA Technologies by 70.0% in the 2nd quarter. Masters Capital Management LLC now owns 1,700,000 shares of the oil and gas company’s stock valued at $5,882,000 after buying an additional 700,000 shares during the last quarter. American Century Companies Inc. increased its stake in shares of TETRA Technologies by 153.8% in the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company’s stock valued at $3,057,000 after buying an additional 535,413 shares during the period. Stanley Laman Group Ltd. raised its position in shares of TETRA Technologies by 57.9% during the third quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company’s stock worth $4,346,000 after acquiring an additional 514,054 shares during the last quarter. Finally, Ovata Capital Management Ltd acquired a new position in shares of TETRA Technologies in the second quarter worth approximately $1,730,000. Institutional investors own 70.19% of the company’s stock.

Analyst Ratings Changes

TTI has been the subject of a number of recent analyst reports. StockNews.com raised shares of TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. EF Hutton Acquisition Co. I upgraded shares of TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st.

TETRA Technologies Stock Down 1.9 %

Shares of TETRA Technologies stock opened at $3.68 on Friday. The stock’s 50-day moving average is $3.59 and its 200 day moving average is $3.39. TETRA Technologies, Inc. has a one year low of $2.68 and a one year high of $5.08. The firm has a market cap of $485.06 million, a price-to-earnings ratio of 184.09 and a beta of 2.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51.

TETRA Technologies (NYSE:TTI) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $156.43 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. Equities research analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current 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.