Rhumbline Advisers Sells 14,577 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Rhumbline Advisers trimmed its position in shares of TETRA Technologies, Inc. (NYSE:TTI) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,622 shares of the oil and gas company’s stock after selling 14,577 shares during the period. Rhumbline Advisers’ holdings in TETRA Technologies were worth $743,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of TETRA Technologies during the 3rd quarter worth about $2,546,000. JPMorgan Chase & Co. increased its position in TETRA Technologies by 233.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock worth $1,583,000 after buying an additional 357,455 shares during the period. Stifel Financial Corp lifted its holdings in shares of TETRA Technologies by 703.0% during the third quarter. Stifel Financial Corp now owns 216,439 shares of the oil and gas company’s stock worth $671,000 after buying an additional 189,484 shares during the last quarter. Barclays PLC boosted its position in shares of TETRA Technologies by 369.6% in the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock valued at $650,000 after acquiring an additional 165,184 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of TETRA Technologies in the third quarter worth $418,000. 70.19% of the stock is currently owned by institutional investors.

TETRA Technologies Stock Down 3.4 %

TTI stock opened at $3.28 on Friday. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.12. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. The company has a market cap of $433.59 million, a PE ratio of 163.83 and a beta of 2.04. The business’s 50-day simple moving average is $4.17 and its 200 day simple moving average is $3.65.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $134.50 million for the quarter, compared to analyst estimates of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. On average, research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reiterated a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a research note on Thursday, February 27th.

TETRA Technologies 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.