Natixis Advisors LLC Invests $4.69 Million in Tetra Technologies, Inc. $TTI

Natixis Advisors LLC bought a new position in shares of Tetra Technologies, Inc. (NYSE:TTI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 500,948 shares of the oil and gas company’s stock, valued at approximately $4,694,000. Natixis Advisors LLC owned approximately 0.37% of Tetra Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in Tetra Technologies by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 23,179 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 1,452 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Tetra Technologies by 31.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,204 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 1,473 shares in the last quarter. Sei Investments Co. grew its position in Tetra Technologies by 2.5% in the third quarter. Sei Investments Co. now owns 73,170 shares of the oil and gas company’s stock valued at $421,000 after acquiring an additional 1,754 shares in the last quarter. Diversified Trust Co. grew its position in Tetra Technologies by 5.6% in the fourth quarter. Diversified Trust Co. now owns 45,436 shares of the oil and gas company’s stock valued at $426,000 after acquiring an additional 2,396 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Tetra Technologies by 11.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,977 shares of the oil and gas company’s stock valued at $301,000 after acquiring an additional 3,281 shares in the last quarter. Institutional investors and hedge funds own 70.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Tetra Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tetra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Tetra Technologies Stock Performance

TTI stock opened at $9.96 on Tuesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 199.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.20 and a current ratio of 2.02. Tetra Technologies, Inc. has a 1 year low of $2.99 and a 1 year high of $12.54. The stock’s fifty day moving average is $9.55 and its two-hundred day moving average is $9.58.

Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The company had revenue of $156.25 million for the quarter, compared to analyst estimates of $151.20 million. Tetra Technologies had a return on equity of 10.50% and a net margin of 1.15%. On average, research analysts predict that Tetra Technologies, Inc. will post 0.26 EPS for the current year.

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.