Vanguard Group Inc. Trims Stock Holdings in Tetra Technologies, Inc. $TTI

Vanguard Group Inc. reduced its position in Tetra Technologies, Inc. (NYSE:TTI) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,295,248 shares of the oil and gas company’s stock after selling 646,841 shares during the quarter. Vanguard Group Inc. owned approximately 6.23% of Tetra Technologies worth $27,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTI. Wells Fargo & Company MN increased its holdings in Tetra Technologies by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company’s stock valued at $479,000 after buying an additional 19,528 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Tetra Technologies in the fourth quarter valued at about $521,000. Barclays PLC increased its holdings in Tetra Technologies by 8.4% in the fourth quarter. Barclays PLC now owns 227,562 shares of the oil and gas company’s stock valued at $814,000 after buying an additional 17,689 shares during the last quarter. Mariner LLC increased its holdings in Tetra Technologies by 160.0% in the fourth quarter. Mariner LLC now owns 163,470 shares of the oil and gas company’s stock valued at $585,000 after buying an additional 100,596 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Tetra Technologies by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,259,133 shares of the oil and gas company’s stock valued at $11,667,000 after buying an additional 239,052 shares during the last quarter. 70.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TTI shares. D. Boral Capital boosted their price objective on Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Tetra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Stifel Nicolaus raised their target price on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, Tetra Technologies presently has an average rating of “Buy” and an average target price of $5.75.

Tetra Technologies Price Performance

NYSE TTI opened at $4.53 on Thursday. Tetra Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12. The stock has a market cap of $603.09 million, a price-to-earnings ratio of 5.26 and a beta of 1.33. The company has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $3.37. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI) last released its quarterly earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The company had revenue of $173.87 million for the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Analysts forecast that Tetra Technologies, Inc. will post 0.15 EPS for the current year.

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.