Fuller & Thaler Asset Management Inc. Reduces Stock Position in TETRA Technologies, Inc. (NYSE:TTI)

Fuller & Thaler Asset Management Inc. lowered its stake in shares of TETRA Technologies, Inc. (NYSE:TTI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,236,795 shares of the oil and gas company’s stock after selling 58,444 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 5.49% of TETRA Technologies worth $25,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TTI. JPMorgan Chase & Co. boosted its stake in TETRA Technologies by 233.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 510,705 shares of the oil and gas company’s stock valued at $1,583,000 after acquiring an additional 357,455 shares during the last quarter. Barclays PLC lifted its position in shares of TETRA Technologies by 369.6% during the third quarter. Barclays PLC now owns 209,873 shares of the oil and gas company’s stock worth $650,000 after purchasing an additional 165,184 shares during the last quarter. Norges Bank acquired a new position in TETRA Technologies in the fourth quarter worth about $812,000. Charles Schwab Investment Management Inc. increased its holdings in TETRA Technologies by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,086,670 shares of the oil and gas company’s stock valued at $3,890,000 after buying an additional 92,493 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in TETRA Technologies during the fourth quarter valued at approximately $98,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTI. Stifel Nicolaus decreased their target price on TETRA Technologies from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, April 15th. D. Boral Capital reaffirmed a “buy” rating and issued a $5.50 price objective on shares of TETRA Technologies in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TETRA Technologies presently has an average rating of “Buy” and an average target price of $6.67.

TETRA Technologies Stock Up 6.1 %

NYSE:TTI opened at $2.62 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $3.62. The firm has a market capitalization of $346.87 million, a PE ratio of 131.07 and a beta of 1.54. TETRA Technologies, Inc. has a 52 week low of $2.03 and a 52 week high of $5.12.

TETRA Technologies (NYSE:TTI) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $134.50 million during the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a return on equity of 14.53% and a net margin of 0.27%. 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.