TETRA Technologies, Inc. (NYSE:TTI) Shares Purchased by Pullen Investment Management LLC

Pullen Investment Management LLC raised its position in TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 105.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 507,650 shares of the oil and gas company's stock after buying an additional 260,611 shares during the period. TETRA Technologies comprises about 1.2% of Pullen Investment Management LLC's portfolio, making the stock its 24th largest holding. Pullen Investment Management LLC owned approximately 0.39% of TETRA Technologies worth $1,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in TETRA Technologies by 7.9% in 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 buying an additional 239,052 shares during the last quarter. Geode Capital Management LLC boosted its holdings in TETRA Technologies by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,741,804 shares of the oil and gas company's stock worth $9,818,000 after buying an additional 13,769 shares during the last quarter. American Century Companies Inc. boosted its holdings in TETRA Technologies by 36.3% in the 4th quarter. American Century Companies Inc. now owns 1,734,653 shares of the oil and gas company's stock worth $6,210,000 after buying an additional 462,213 shares during the last quarter. WealthTrust Axiom LLC boosted its holdings in TETRA Technologies by 4.0% in the 4th quarter. WealthTrust Axiom LLC now owns 1,697,050 shares of the oil and gas company's stock worth $6,075,000 after buying an additional 64,824 shares during the last quarter. Finally, HITE Hedge Asset Management LLC lifted its stake in TETRA Technologies by 32.7% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,681,509 shares of the oil and gas company's stock worth $6,020,000 after purchasing an additional 414,640 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TTI shares. Stifel Nicolaus decreased their target price on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. D. Boral Capital decreased their target price on shares of TETRA Technologies from $5.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen lowered shares of TETRA Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

TETRA Technologies Trading Down 2.5%

Shares of TTI stock traded down $0.07 during trading on Wednesday, hitting $2.70. 725,976 shares of the stock traded hands, compared to its average volume of 1,200,719. The firm has a market capitalization of $359.30 million, a P/E ratio of 135.07 and a beta of 1.31. 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 firm's fifty day moving average price is $2.80 and its 200-day moving average price is $3.54. TETRA Technologies, Inc. has a 52-week low of $2.03 and a 52-week high of $5.12.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm 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%. As a group, research analysts forecast that TETRA Technologies, Inc. will post 0.15 earnings per share for the current fiscal 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.