Vanguard Group Inc. Sells 646,841 Shares of Tetra Technologies, Inc. $TTI

Key Points

• Vanguard Group Inc. has decreased its holdings in Tetra Technologies, Inc. by 7.2%, now owning approximately 6.23% of the company, valued at $27.87 million.
• Several analysts have recently elevated their ratings on Tetra Technologies, with price targets ranging from $5.00 to $6.50, signaling a generally positive outlook for the stock.
• Tetra Technologies reported $0.09 EPS for the last quarter, meeting analysts' expectations, and forecasts suggest an increase to 0.15 EPS in the current year.

Vanguard Group Inc. reduced its holdings in Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,295,248 shares of the oil and gas company's stock after selling 646,841 shares during the quarter. Vanguard Group Inc. owned 6.23% of Tetra Technologies worth $27,872,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in Tetra Technologies in the 4th quarter worth about $40,000. Byrne Asset Management LLC boosted its holdings in shares of Tetra Technologies by 67.9% in the 1st quarter. Byrne Asset Management LLC now owns 15,277 shares of the oil and gas company's stock worth $51,000 after purchasing an additional 6,177 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Tetra Technologies in the 1st quarter worth about $61,000. Caption Management LLC purchased a new position in shares of Tetra Technologies in the 4th quarter worth about $92,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Tetra Technologies by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 35,357 shares of the oil and gas company's stock worth $127,000 after purchasing an additional 11,634 shares in the last quarter. 70.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TTI has been the subject of a number of research reports. D. Boral Capital upped their price objective on Tetra Technologies from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Stifel Nicolaus upped their price objective on Tetra Technologies from $6.00 to $6.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $5.75.

Tetra Technologies Stock Up 1.4%

Shares of NYSE:TTI traded up $0.07 during trading on Tuesday, hitting $4.77. The stock had a trading volume of 1,160,419 shares, compared to its average volume of 1,508,540. Tetra Technologies, Inc. has a 12 month low of $2.03 and a 12 month high of $5.12. The company has a market capitalization of $635.08 million, a PE ratio of 5.54 and a beta of 1.39. The firm's fifty day moving average is $3.83 and its 200 day moving average is $3.37. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62.

Tetra Technologies (NYSE:TTI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%.The firm had revenue of $173.87 million during the quarter, compared to analyst estimates of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Analysts anticipate that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

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.