Tetra Technologies, Inc. $TTI Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Tetra Technologies, Inc. (NYSE:TTI) by 71.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,084 shares of the oil and gas company’s stock after purchasing an additional 181,872 shares during the period. Sei Investments Co. owned about 0.32% of Tetra Technologies worth $3,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TTI. AQR Capital Management LLC increased its stake in Tetra Technologies by 87.3% during the 1st quarter. AQR Capital Management LLC now owns 120,585 shares of the oil and gas company’s stock worth $405,000 after buying an additional 56,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Tetra Technologies by 125.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 161,840 shares of the oil and gas company’s stock valued at $544,000 after acquiring an additional 90,001 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Tetra Technologies by 389.7% in the first quarter. Jane Street Group LLC now owns 225,101 shares of the oil and gas company’s stock worth $756,000 after acquiring an additional 302,793 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tetra Technologies by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock worth $1,309,000 after acquiring an additional 3,547 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Tetra Technologies by 74.4% during the second quarter. Prudential Financial Inc. now owns 17,790 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 7,590 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Tetra Technologies Trading Up 1.6%

Shares of Tetra Technologies stock opened at $8.59 on Friday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 214.75 and a beta of 1.25. Tetra Technologies, Inc. has a fifty-two week low of $3.82 and a fifty-two week high of $12.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 2.46. The stock has a 50 day moving average of $9.47 and a 200 day moving average of $9.68.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Monday, August 3rd. The oil and gas company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Tetra Technologies had a return on equity of 9.11% and a net margin of 0.97%.The company had revenue of $185.66 million for the quarter, compared to the consensus estimate of $176.16 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. As a group, research analysts predict that Tetra Technologies, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TTI shares. Northland Securities increased their price objective on Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Weiss Ratings lowered shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.83.

Insider Transactions at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead acquired 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $9.86 per share, with a total value of $216,920.00. Following the transaction, the vice president owned 170,764 shares of the company’s stock, valued at $1,683,733.04. This trade represents a 14.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brady M. Murphy sold 50,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.72, for a total transaction of $536,000.00. Following the completion of the sale, the chief executive officer owned 2,965,457 shares in the company, valued at approximately $31,789,699.04. This trade represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.27% of the stock is currently owned by company insiders.

Tetra Technologies Profile

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.