Northern Trust Corp Boosts Position in TETRA Technologies, Inc. (NYSE:TTI)

Northern Trust Corp boosted its stake in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,189,713 shares of the oil and gas company's stock after purchasing an additional 99,588 shares during the quarter. Northern Trust Corp owned approximately 0.90% of TETRA Technologies worth $4,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TTI. JPMorgan Chase & Co. boosted its position in shares of TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock valued at $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Norges Bank bought a new stake in shares of TETRA Technologies during the 4th quarter valued at about $812,000. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 92,493 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 8,323 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position 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 valued at $479,000 after acquiring an additional 19,528 shares during the last quarter. Institutional investors own 70.19% of the company's stock.

TETRA Technologies Trading Up 0.6%

TETRA Technologies stock traded up $0.02 during trading hours on Friday, reaching $2.74. The company had a trading volume of 703,867 shares, compared to its average volume of 1,203,134. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.33 and a quick ratio of 1.51. The company has a 50-day moving average price of $2.83 and a 200 day moving average price of $3.55. The firm has a market cap of $363.95 million, a price-to-earnings ratio of 136.82 and a beta of 1.31. TETRA Technologies, Inc. has a 12-month low of $2.03 and a 12-month high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $157.14 million for the quarter, compared to analysts' expectations of $160.52 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. Equities analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTI. Wall Street Zen downgraded 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 TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, D. Boral Capital dropped their target price on TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 1st.

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.