Charles Schwab Investment Management Inc. Has $3.89 Million Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Charles Schwab Investment Management Inc. lifted its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,086,670 shares of the oil and gas company's stock after buying an additional 92,493 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of TETRA Technologies worth $3,890,000 at the end of the most recent reporting period.

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

TETRA Technologies Stock Down 3.9 %

TTI traded down $0.15 during midday trading on Friday, hitting $3.61. The company had a trading volume of 1,322,215 shares, compared to its average volume of 1,180,260. The stock's 50 day moving average price is $3.98 and its 200 day moving average price is $3.70. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $5.12. The company has a market capitalization of $477.28 million, a price-to-earnings ratio of 180.34 and a beta of 2.04. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

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TETRA Technologies (NYSE:TTI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The business had revenue of $134.50 million during 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 fiscal year.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reissued a "buy" rating and issued a $5.50 price target on shares of TETRA Technologies in a research note on Wednesday.

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.