Huber Capital Management LLC Sells 448,566 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Huber Capital Management LLC cut its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,918,796 shares of the oil and gas company's stock after selling 448,566 shares during the quarter. TETRA Technologies makes up about 1.4% of Huber Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Huber Capital Management LLC owned about 1.46% of TETRA Technologies worth $6,869,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Cinctive Capital Management LP increased its stake in TETRA Technologies by 109.0% in the 4th quarter. Cinctive Capital Management LP now owns 418,059 shares of the oil and gas company's stock worth $1,497,000 after acquiring an additional 218,059 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TETRA Technologies by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company's stock valued at $9,818,000 after purchasing an additional 13,769 shares in the last quarter. Norges Bank bought a new stake in TETRA Technologies in the fourth quarter worth $812,000. JPMorgan Chase & Co. raised its stake in TETRA Technologies by 58.7% during the fourth quarter. JPMorgan Chase & Co. now owns 810,581 shares of the oil and gas company's stock valued at $2,902,000 after purchasing an additional 299,876 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in TETRA Technologies during the fourth quarter valued at $98,000. Institutional investors own 70.19% of the company's stock.

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Analysts Set New Price Targets

Separately, D. Boral Capital restated a "buy" rating and set a $5.50 target price on shares of TETRA Technologies in a research report on Wednesday, March 26th.

TETRA Technologies Trading Down 7.4 %

TTI traded down $0.18 during trading on Tuesday, reaching $2.19. The company had a trading volume of 774,179 shares, compared to its average volume of 1,118,153. 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 business has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.71. The stock has a market cap of $289.28 million, a P/E ratio of 109.30 and a beta of 1.54. TETRA Technologies, Inc. has a 52 week low of $2.19 and a 52 week high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The firm had revenue of $134.50 million during the quarter, compared to analysts' expectations of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, equities analysts anticipate that TETRA Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.