State Street Corp Sells 186,142 Shares of TETRA Technologies, Inc. (NYSE:TTI)

State Street Corp reduced its holdings in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,320,232 shares of the oil and gas company's stock after selling 186,142 shares during the period. State Street Corp owned approximately 2.52% of TETRA Technologies worth $10,293,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of TETRA Technologies by 153.8% during the second quarter. American Century Companies Inc. now owns 883,431 shares of the oil and gas company's stock valued at $3,057,000 after buying an additional 535,413 shares during the last quarter. Walleye Capital LLC bought a new position in TETRA Technologies during the third quarter valued at about $418,000. Stanley Laman Group Ltd. raised its holdings in TETRA Technologies by 57.9% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,401,932 shares of the oil and gas company's stock valued at $4,346,000 after acquiring an additional 514,054 shares in the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of TETRA Technologies in the 2nd quarter worth approximately $4,368,000. Finally, Pullen Investment Management LLC acquired a new stake in shares of TETRA Technologies during the 3rd quarter worth approximately $766,000. 70.19% of the stock is currently owned by institutional investors and hedge funds.

TETRA Technologies Trading Down 2.3 %

TTI stock traded down $0.08 during midday trading on Friday, reaching $3.45. The company's stock had a trading volume of 834,194 shares, compared to its average volume of 1,271,925. The business's 50-day simple moving average is $3.62 and its 200-day simple moving average is $3.38. The stock has a market cap of $454.74 million, a PE ratio of 172.59 and a beta of 2.10. TETRA Technologies, Inc. has a 52 week low of $2.68 and a 52 week high of $5.08. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16.

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

Analyst Ratings Changes

Several research analysts recently issued reports on TTI shares. EF Hutton Acquisition Co. I raised shares of TETRA Technologies to a "strong-buy" rating in a research report on Monday, October 21st. D. Boral Capital reissued a "buy" rating and issued a $5.50 target price on shares of TETRA Technologies in a report on Tuesday, December 17th. Finally, StockNews.com raised TETRA Technologies from a "sell" rating to a "hold" rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $6.50.

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.