Pullen Investment Management LLC Acquires Shares of 247,039 TETRA Technologies, Inc. (NYSE:TTI)

Pullen Investment Management LLC acquired a new stake in shares of TETRA Technologies, Inc. (NYSE:TTI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 247,039 shares of the oil and gas company’s stock, valued at approximately $766,000. Pullen Investment Management LLC owned 0.19% of TETRA Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of TETRA Technologies by 15.4% during the first quarter. Principal Financial Group Inc. now owns 16,854 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 2,251 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TETRA Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 49,085 shares of the oil and gas company’s stock worth $170,000 after acquiring an additional 3,792 shares in the last quarter. Diversified Trust Co lifted its position in shares of TETRA Technologies by 12.0% during the second quarter. Diversified Trust Co now owns 39,762 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 4,247 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TETRA Technologies by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 102,722 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 5,265 shares in the last quarter. Finally, Point72 DIFC Ltd lifted its position in shares of TETRA Technologies by 82.0% during the second quarter. Point72 DIFC Ltd now owns 13,241 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 5,966 shares in the last quarter. 70.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTI. StockNews.com upgraded TETRA Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. EF Hutton Acquisition Co. I upgraded TETRA Technologies to a “strong-buy” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TETRA Technologies currently has a consensus rating of “Buy” and an average target price of $7.00.

TETRA Technologies Trading Up 2.3 %

NYSE TTI opened at $3.06 on Friday. The stock’s 50-day simple moving average is $3.12 and its two-hundred day simple moving average is $3.51. TETRA Technologies, Inc. has a twelve month low of $2.68 and a twelve month high of $5.80. The company has a quick ratio of 1.72, a current ratio of 2.41 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $402.24 million, a price-to-earnings ratio of 38.25 and a beta of 2.04.

TETRA Technologies (NYSE:TTI) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). TETRA Technologies had a net margin of 1.61% and a return on equity of 18.84%. The firm had revenue of $171.94 million for the quarter, compared to analysts’ expectations of $180.66 million. Research analysts forecast that TETRA Technologies, Inc. will post 0.18 EPS for the current fiscal year.

TETRA Technologies 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.