Vanguard Group Inc. Lowers Holdings in Tetra Technologies, Inc. $TTI

Vanguard Group Inc. trimmed its position in Tetra Technologies, Inc. (NYSE:TTI) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,318,115 shares of the oil and gas company’s stock after selling 138,860 shares during the quarter. Vanguard Group Inc. owned 6.22% of Tetra Technologies worth $77,941,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pullen Investment Management LLC lifted its stake in shares of Tetra Technologies by 16.4% during the 3rd quarter. Pullen Investment Management LLC now owns 695,165 shares of the oil and gas company’s stock worth $3,997,000 after purchasing an additional 97,937 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Tetra Technologies by 13.8% during the 3rd quarter. American Century Companies Inc. now owns 3,416,017 shares of the oil and gas company’s stock worth $19,642,000 after purchasing an additional 414,076 shares during the last quarter. Acuitas Investments LLC purchased a new stake in shares of Tetra Technologies during the 3rd quarter worth $4,233,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tetra Technologies during the 4th quarter worth $7,386,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Tetra Technologies during the 4th quarter worth $25,359,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTI has been the subject of a number of analyst reports. Weiss Ratings upgraded Tetra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Clear Str cut Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Tetra Technologies currently has an average rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Trading Up 4.0%

Shares of NYSE:TTI opened at $10.68 on Thursday. The business’s 50-day moving average is $8.82 and its 200 day moving average is $9.22. Tetra Technologies, Inc. has a 1 year low of $2.63 and a 1 year high of $12.54. The firm has a market capitalization of $1.45 billion, a P/E ratio of 213.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.20.

Tetra Technologies (NYSE:TTI) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%.The company had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. On average, research analysts predict that Tetra Technologies, Inc. will post 0.26 earnings per share for the current fiscal year.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.