TETRA Technologies, Inc. (NYSE:TTI) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,259,133 shares of the oil and gas company's stock after purchasing an additional 239,052 shares during the quarter. Dimensional Fund Advisors LP owned 2.47% of TETRA Technologies worth $11,667,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Stoneridge Investment Partners LLC boosted its stake in TETRA Technologies by 23.1% in the fourth quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company's stock valued at $128,000 after acquiring an additional 6,684 shares in the last quarter. Boston Partners increased its holdings in TETRA Technologies by 2.6% in the fourth quarter. Boston Partners now owns 352,384 shares of the oil and gas company's stock valued at $1,262,000 after buying an additional 8,873 shares in the last quarter. KLCM Advisors Inc. acquired a new stake in shares of TETRA Technologies in the fourth quarter valued at about $36,000. HighTower Advisors LLC acquired a new stake in shares of TETRA Technologies in the fourth quarter valued at about $39,000. Finally, Cibc World Markets Corp acquired a new position in TETRA Technologies during the fourth quarter worth about $42,000. 70.19% of the stock is owned by hedge funds and other institutional investors.

TETRA Technologies Price Performance

TTI remained flat at $3.01 during trading on Wednesday. 1,063,328 shares of the company traded hands, compared to its average volume of 1,223,862. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The stock has a fifty day moving average of $2.90 and a 200-day moving average of $3.58. The company has a market cap of $400.55 million, a P/E ratio of 150.58 and a beta of 1.31.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted 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. The business had revenue of $157.14 million during the quarter, compared to the consensus estimate of $160.52 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Research analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TTI. StockNews.com downgraded shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, D. Boral Capital decreased their price target on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 1st.

TETRA Technologies 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.