Charles Schwab Investment Management Inc. Has $3.27 Million Stock Holdings in Tetra Technologies, Inc. $TTI

Charles Schwab Investment Management Inc. cut its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 974,335 shares of the oil and gas company’s stock after selling 112,335 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.73% of Tetra Technologies worth $3,274,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TTI. Wells Fargo & Company MN grew its position in Tetra Technologies by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company’s stock worth $479,000 after buying an additional 19,528 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Tetra Technologies during the fourth quarter worth about $521,000. Barclays PLC grew its position in Tetra Technologies by 8.4% during the fourth quarter. Barclays PLC now owns 227,562 shares of the oil and gas company’s stock worth $814,000 after buying an additional 17,689 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Tetra Technologies by 7.9% during the fourth 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 in the last quarter. Finally, MetLife Investment Management LLC grew its position in Tetra Technologies by 27.9% during the fourth quarter. MetLife Investment Management LLC now owns 73,607 shares of the oil and gas company’s stock worth $264,000 after buying an additional 16,067 shares in the last quarter. 70.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTI. Stifel Nicolaus lifted their target price on Tetra Technologies from $6.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, D. Boral Capital lifted 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. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $5.75.

Tetra Technologies Stock Performance

TTI stock opened at $4.70 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.47 and a quick ratio of 1.61. The company has a 50 day moving average price of $3.78 and a 200 day moving average price of $3.38. Tetra Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The stock has a market capitalization of $625.75 million, a PE ratio of 5.46 and a beta of 1.33.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Tetra Technologies had a net margin of 18.95% and a return on equity of 14.10%. The firm had revenue of $173.87 million during the quarter, compared to analysts’ expectations 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.

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.