Pullen Investment Management LLC Purchases 260,611 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Pullen Investment Management LLC raised its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 105.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,650 shares of the oil and gas company's stock after purchasing an additional 260,611 shares during the quarter. TETRA Technologies makes up 1.2% of Pullen Investment Management LLC's holdings, making the stock its 24th biggest position. Pullen Investment Management LLC owned about 0.39% of TETRA Technologies worth $1,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TETRA Technologies by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,839 shares of the oil and gas company's stock worth $257,000 after buying an additional 3,124 shares during the period. Stoneridge Investment Partners LLC increased its stake in TETRA Technologies by 23.1% during the 4th quarter. Stoneridge Investment Partners LLC now owns 35,674 shares of the oil and gas company's stock worth $128,000 after acquiring an additional 6,684 shares during the period. Price T Rowe Associates Inc. MD lifted 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 period. Boston Partners grew its holdings in shares of TETRA Technologies by 2.6% during the 4th quarter. Boston Partners now owns 352,384 shares of the oil and gas company's stock worth $1,262,000 after purchasing an additional 8,873 shares in the last quarter. Finally, KLCM Advisors Inc. bought a new position in shares of TETRA Technologies in the fourth quarter worth $36,000. 70.19% of the stock is owned by institutional investors.

TETRA Technologies Trading Down 1.3%

NYSE:TTI traded down $0.04 during mid-day trading on Friday, hitting $2.71. 434,993 shares of the company's stock were exchanged, compared to its average volume of 1,198,244. TETRA Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $359.96 million, a P/E ratio of 135.32 and a beta of 1.31. The company has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $3.53.

TETRA Technologies (NYSE:TTI - Get Free Report) last issued 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 company had revenue of $157.14 million for the quarter, compared to analyst estimates of $160.52 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. As a group, research analysts expect that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTI shares. Stifel Nicolaus dropped their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, April 15th. D. Boral Capital dropped their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

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.