Tetra Technologies, Inc. $TTI Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Tetra Technologies by 10.3%, owning 974,335 shares worth $3.27 million as of the last quarter.
• Multiple institutional investors have shown interest in Tetra Technologies, with Wells Fargo increasing its stake by 17.1% and Dimensional Fund Advisors acquiring 7.9% more shares in the last quarter.
• Analysts have a positive outlook on Tetra Technologies, with an average rating of "Buy" and a target price of $5.75, reflecting confidence in the company's growth.

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co grew its holdings in Tetra Technologies by 10.3% during the 1st quarter. Diversified Trust Co now owns 43,565 shares of the oil and gas company's stock valued at $146,000 after buying an additional 4,058 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Tetra Technologies by 4.3% in the 1st quarter. Rhumbline Advisers now owns 216,479 shares of the oil and gas company's stock worth $727,000 after buying an additional 8,857 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $510,000 after purchasing an additional 8,323 shares during the period. Wells Fargo & Company MN boosted 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 stake in shares of Tetra Technologies by 7.9% during 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 purchasing an additional 239,052 shares during the period. 70.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TTI. Wall Street Zen raised shares of Tetra Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Stifel Nicolaus lifted their price target on shares of Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, D. Boral Capital lifted their price target on shares of Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, Tetra Technologies presently has a consensus rating of "Buy" and an average price target of $5.75.

Tetra Technologies Trading Up 0.7%

Tetra Technologies stock traded up $0.04 during trading hours on Thursday, hitting $4.76. The company had a trading volume of 864,875 shares, compared to its average volume of 1,423,839. The firm has a market cap of $633.75 million, a P/E ratio of 5.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.61 and a current ratio of 2.47. Tetra Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The company has a 50-day moving average price of $3.89 and a two-hundred day moving average price of $3.38.

Tetra Technologies (NYSE:TTI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts' expectations of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

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.