TETRA Technologies, Inc. (NYSE:TTI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 233.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 510,705 shares of the oil and gas company's stock after acquiring an additional 357,455 shares during the quarter. JPMorgan Chase & Co. owned 0.39% of TETRA Technologies worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of 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. Geode Capital Management LLC increased its position in TETRA Technologies by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,728,035 shares of the oil and gas company's stock worth $8,458,000 after purchasing an additional 17,802 shares in the last quarter. XTX Topco Ltd purchased a new position in TETRA Technologies in the third quarter valued at approximately $405,000. Stifel Financial Corp lifted its position in 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 valued at $671,000 after buying an additional 189,484 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in TETRA Technologies during the third quarter worth approximately $2,546,000. Institutional investors and hedge funds own 70.19% of the company's stock.

TETRA Technologies Stock Down 1.8 %

NYSE TTI traded down $0.09 during mid-day trading on Friday, reaching $4.60. 757,426 shares of the company's stock traded hands, compared to its average volume of 1,494,721. The company has a market cap of $605.67 million, a price-to-earnings ratio of 229.86 and a beta of 2.06. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a 1-year low of $2.68 and a 1-year high of $5.12. The company has a fifty day simple moving average of $3.92 and a 200-day simple moving average of $3.50.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. The business had revenue of $141.70 million for the quarter, compared to analysts' expectations of $156.43 million. During the same quarter last year, the company posted $0.07 earnings per share. The company's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that TETRA Technologies, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

TTI has been the topic of a number of research reports. D. Boral Capital reissued a "buy" rating and issued a $5.50 target price on shares of TETRA Technologies in a research note on Wednesday, January 8th. StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, EF Hutton Acquisition Co. I raised TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $6.50.

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.