Mariner LLC Increases Stake in TETRA Technologies, Inc. (NYSE:TTI)

Mariner LLC increased its holdings in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 160.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,470 shares of the oil and gas company's stock after purchasing an additional 100,596 shares during the quarter. Mariner LLC owned approximately 0.12% of TETRA Technologies worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. grew its position in TETRA Technologies by 233.2% in the third quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company's stock worth $1,583,000 after acquiring an additional 357,455 shares in the last quarter. Ovata Capital Management Ltd increased its stake in TETRA Technologies by 33.3% during the fourth quarter. Ovata Capital Management Ltd now owns 1,000,000 shares of the oil and gas company's stock worth $3,580,000 after acquiring an additional 250,000 shares during the last quarter. Norges Bank bought a new stake in TETRA Technologies during the fourth quarter worth approximately $812,000. Finally, Cinctive Capital Management LP raised its position in TETRA Technologies by 109.0% during the fourth quarter. Cinctive Capital Management LP now owns 418,059 shares of the oil and gas company's stock valued at $1,497,000 after purchasing an additional 218,059 shares during the period. Institutional investors own 70.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com raised TETRA Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. D. Boral Capital reduced 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, Stifel Nicolaus dropped their price target on shares of TETRA Technologies from $7.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $6.17.

TETRA Technologies Trading Up 0.9 %

TTI stock traded up $0.03 during midday trading on Tuesday, reaching $2.75. The company's stock had a trading volume of 1,011,906 shares, compared to its average volume of 1,219,482. TETRA Technologies, Inc. has a 1 year low of $2.03 and a 1 year high of $5.12. The firm has a market capitalization of $365.29 million, a price-to-earnings ratio of 137.32 and a beta of 1.31. The stock has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $3.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.51 and a current ratio of 2.33.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The oil and gas company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $157.14 million for 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%. On average, equities research analysts predict that TETRA Technologies, Inc. will post 0.15 EPS for the current 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.