Wells Fargo & Company MN grew its stake in Tetra Technologies, Inc. (NYSE:TTI) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,995,062 shares of the oil and gas company’s stock after buying an additional 7,186 shares during the period. Wells Fargo & Company MN owned 3.45% of Tetra Technologies worth $11,146,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in shares of Tetra Technologies by 0.3% during the second quarter. Arizona State Retirement System now owns 60,490 shares of the oil and gas company’s stock valued at $169,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Tetra Technologies by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 84,657 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 938 shares during the period. Mason Street Advisors LLC increased its position in shares of Tetra Technologies by 7.8% in the 1st quarter. Mason Street Advisors LLC now owns 27,039 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 1,961 shares during the period. Principal Financial Group Inc. increased its position in shares of Tetra Technologies by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 901,989 shares of the oil and gas company’s stock valued at $2,517,000 after acquiring an additional 2,786 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Tetra Technologies by 1.6% in the 1st quarter. Prudential Financial Inc. now owns 193,810 shares of the oil and gas company’s stock valued at $789,000 after acquiring an additional 3,080 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.

Shares of Tetra Technologies, Inc. (NYSE TTI) opened at 2.77 on Tuesday. Tetra Technologies, Inc. has a 52 week low of $1.85 and a 52 week high of $6.34. The stock’s 50 day moving average is $2.27 and its 200-day moving average is $2.97. The firm’s market cap is $321.03 million.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The business had revenue of $208.37 million during the quarter, compared to analysts’ expectations of $204.19 million. During the same period in the previous year, the company posted ($0.15) earnings per share. Tetra Technologies’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities analysts predict that Tetra Technologies, Inc. will post ($0.18) EPS for the current fiscal year.

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A number of analysts have commented on TTI shares. Zacks Investment Research upgraded Tetra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Scotiabank set a $4.00 price objective on Tetra Technologies and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada set a $5.00 price objective on Tetra Technologies and gave the stock a “hold” rating in a research note on Friday, June 16th. BidaskClub downgraded Tetra Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, J P Morgan Chase & Co downgraded Tetra Technologies from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tetra Technologies has an average rating of “Buy” and an average target price of $5.33.

Tetra Technologies Profile

TETRA Technologies, Inc is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

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Institutional Ownership by Quarter for Tetra Technologies (NYSE:TTI)

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