Wells Fargo & Company MN Has $479,000 Holdings in TETRA Technologies, Inc. (NYSE:TTI)

Wells Fargo & Company MN boosted its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,664 shares of the oil and gas company’s stock after buying an additional 19,528 shares during the quarter. Wells Fargo & Company MN owned about 0.10% of TETRA Technologies worth $479,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ovata Capital Management Ltd lifted its position in TETRA Technologies by 33.3% during the 4th quarter. Ovata Capital Management Ltd now owns 1,000,000 shares of the oil and gas company’s stock worth $3,580,000 after acquiring an additional 250,000 shares during the last quarter. Cinctive Capital Management LP grew its holdings 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 valued at $1,497,000 after buying an additional 218,059 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TETRA Technologies by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company’s stock worth $9,818,000 after buying an additional 13,769 shares during the last quarter. Norges Bank acquired a new stake in shares of TETRA Technologies in the fourth quarter worth $812,000. Finally, JPMorgan Chase & Co. grew its stake in shares of TETRA Technologies by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 810,581 shares of the oil and gas company’s stock worth $2,902,000 after acquiring an additional 299,876 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TTI has been the topic of several research analyst reports. StockNews.com upgraded shares of TETRA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus decreased 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. Finally, D. Boral Capital cut their price target on TETRA Technologies from $5.50 to $4.00 and set a “buy” rating for the company in a report on Thursday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.17.

TETRA Technologies Price Performance

TETRA Technologies stock opened at $2.76 on Friday. The business’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.59. 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 stock has a market cap of $367.28 million, a price-to-earnings ratio of 138.07 and a beta of 1.54. TETRA Technologies, Inc. has a 12-month low of $2.03 and a 12-month high of $5.12.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings data on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. The business had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. As a group, research analysts anticipate that TETRA Technologies, Inc. will post 0.15 earnings per share for the current 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.