Tetra Technologies, Inc. $TTI Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of Tetra Technologies, Inc. (NYSE:TTI) by 71.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 438,084 shares of the oil and gas company’s stock after buying an additional 181,872 shares during the period. Sei Investments Co.’s holdings in Tetra Technologies were worth $3,732,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KBC Group NV acquired a new position in Tetra Technologies during the 1st quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Tetra Technologies in the 4th quarter valued at about $33,000. Stone House Investment Management LLC acquired a new position in Tetra Technologies in the 4th quarter valued at about $39,000. Osaic Holdings Inc. increased its stake in Tetra Technologies by 647.1% during the second quarter. Osaic Holdings Inc. now owns 12,700 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 11,000 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new stake in Tetra Technologies during the fourth quarter worth about $45,000. 70.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tetra Technologies

In other Tetra Technologies news, VP Kurt Hallead purchased 22,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $9.86 per share, for a total transaction of $216,920.00. Following the completion of the purchase, the vice president directly owned 170,764 shares in the company, valued at approximately $1,683,733.04. This represents a 14.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brady M. Murphy sold 50,000 shares of Tetra Technologies stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.72, for a total value of $536,000.00. Following the sale, the chief executive officer directly owned 2,965,457 shares of the company’s stock, valued at $31,789,699.04. This trade represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.27% of the company’s stock.

Tetra Technologies Trading Up 1.6%

NYSE TTI opened at $8.59 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.46 and a debt-to-equity ratio of 0.43. Tetra Technologies, Inc. has a 52 week low of $3.82 and a 52 week high of $12.54. The stock has a market capitalization of $1.14 billion, a PE ratio of 214.75 and a beta of 1.25. The firm has a 50 day moving average of $9.47 and a two-hundred day moving average of $9.68.

Tetra Technologies (NYSE:TTI) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $185.66 million for the quarter, compared to analyst estimates of $176.16 million. Tetra Technologies had a net margin of 0.97% and a return on equity of 9.11%. During the same period last year, the business earned $0.08 EPS. As a group, research analysts expect that Tetra Technologies, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on TTI shares. Northland Securities raised their price objective on shares of Tetra Technologies from $11.50 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.83.

About Tetra Technologies

Tetra Technologies, Inc (NYSE: TTI) is a provider of specialized products and services to the upstream oil and gas industry. The company operates through two primary segments: Oilfield Services, which offers hydraulic fracturing and wellsite fluid systems, and Chemical Solutions, which manufactures and delivers a broad range of drilling, completion and production chemicals. Tetra’s integrated service model spans the design, blending and on-site delivery of fluids, as well as pumping equipment and related wellsite operations.

Within the Oilfield Services segment, Tetra supplies pressure pumping fleets and associated equipment to support onshore hydraulic fracturing and well placement activities.