Bank of New York Mellon Corp Sells 4,387 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Bank of New York Mellon Corp decreased its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 386,227 shares of the oil and gas company’s stock after selling 4,387 shares during the period. Bank of New York Mellon Corp’s holdings in TETRA Technologies were worth $1,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. KLCM Advisors Inc. bought a new stake in shares of TETRA Technologies during the fourth quarter valued at approximately $36,000. Stoneridge Investment Partners LLC increased its position in shares of TETRA Technologies by 23.1% during the fourth quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 6,684 shares in the last quarter. Everett Harris & Co. CA increased its position in shares of TETRA Technologies by 9.3% during the fourth quarter. Everett Harris & Co. CA now owns 477,073 shares of the oil and gas company’s stock valued at $1,708,000 after acquiring an additional 40,723 shares in the last quarter. JPMorgan Chase & Co. grew 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 purchasing an additional 357,455 shares during the period. Finally, Barclays PLC grew its position in TETRA Technologies by 369.6% in the 3rd quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after purchasing an additional 165,184 shares during the period. Institutional investors own 70.19% of the company’s stock.

TETRA Technologies Trading Down 1.9 %

Shares of TETRA Technologies stock opened at $3.35 on Monday. The company’s fifty day simple moving average is $4.08 and its 200-day simple moving average is $3.68. The stock has a market capitalization of $442.86 million, a PE ratio of 167.33 and a beta of 2.04. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $5.12. 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 released its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The company had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $138.96 million. As a group, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

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

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.