ProShare Advisors LLC Purchases 11,634 Shares of TETRA Technologies, Inc. (NYSE:TTI)

ProShare Advisors LLC lifted its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,357 shares of the oil and gas company’s stock after buying an additional 11,634 shares during the period. ProShare Advisors LLC’s holdings in TETRA Technologies were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in TETRA Technologies during the fourth quarter worth $812,000. Charles Schwab Investment Management Inc. increased its position in shares of TETRA Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock valued at $3,890,000 after purchasing an additional 92,493 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TETRA Technologies by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 142,394 shares of the oil and gas company’s stock valued at $510,000 after purchasing an additional 8,323 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of TETRA Technologies by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company’s stock worth $479,000 after purchasing an additional 19,528 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TETRA Technologies by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company’s stock worth $11,667,000 after buying an additional 239,052 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

TETRA Technologies Stock Performance

Shares of TTI opened at $2.81 on Tuesday. The firm has a market cap of $373.27 million, a PE ratio of 140.32 and a beta of 1.31. The stock’s fifty day moving average price is $2.74 and its two-hundred day moving average price is $3.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TTI shares. Wall Street Zen lowered shares of TETRA Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, D. Boral Capital reduced their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, May 1st.

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.