Cerity Partners LLC Sells 11,423 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Cerity Partners LLC lowered its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 10.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 99,556 shares of the oil and gas company’s stock after selling 11,423 shares during the period. Cerity Partners LLC owned approximately 0.08% of TETRA Technologies worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTI. JPMorgan Chase & Co. lifted 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 purchasing an additional 357,455 shares during the period. Barclays PLC raised its stake in 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 buying an additional 165,184 shares during the last quarter. Norges Bank bought a new position in shares of TETRA Technologies during the 4th quarter valued at $812,000. Charles Schwab Investment Management Inc. boosted its stake in shares of TETRA Technologies by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock worth $3,890,000 after buying an additional 92,493 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in TETRA Technologies during the fourth quarter valued at $98,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Up 4.1 %

NYSE TTI opened at $2.44 on Wednesday. TETRA Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. 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 company has a market capitalization of $322.38 million, a P/E ratio of 121.81 and a beta of 1.54. The stock’s 50-day moving average price is $3.26 and its 200-day moving average price is $3.63.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. On average, equities research analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. D. Boral Capital reaffirmed a “buy” rating and set a $5.50 target price on shares of TETRA Technologies in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $6.67.

TETRA Technologies Company 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.