Tetra Technologies, Inc. $TTI Shares Sold by Marathon Capital Management

Marathon Capital Management reduced its holdings in Tetra Technologies, Inc. (NYSE:TTI) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,191,195 shares of the oil and gas company’s stock after selling 80,830 shares during the quarter. Tetra Technologies makes up 2.4% of Marathon Capital Management’s portfolio, making the stock its 7th biggest holding. Marathon Capital Management owned approximately 0.89% of Tetra Technologies worth $11,161,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sei Investments Co. increased its stake 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 purchasing an additional 1,754 shares during the last quarter. Diversified Trust Co. increased its stake 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 purchasing an additional 2,396 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 purchasing an additional 3,281 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Tetra Technologies by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 389,606 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 3,547 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Tetra Technologies by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 48,840 shares of the oil and gas company’s stock valued at $164,000 after purchasing an additional 3,551 shares during the last quarter. 70.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TTI. Clear Str lowered Tetra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Northland Securities boosted their price target on Tetra Technologies from $8.50 to $11.50 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Tetra Technologies in a research report on Friday, January 9th. Finally, Stifel Nicolaus boosted their price target on Tetra Technologies from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.25.

Tetra Technologies Price Performance

TTI stock opened at $9.66 on Friday. The stock has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $8.95. Tetra Technologies, Inc. has a 12-month low of $2.50 and a 12-month high of $12.54. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.31 billion, a PE ratio of 483.20 and a beta of 1.22.

Tetra Technologies (NYSE:TTI) last posted its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tetra Technologies had a net margin of 0.48% and a return on equity of 12.56%. The firm had revenue of $146.68 million for the quarter, compared to analysts’ expectations of $140.98 million. As a group, research analysts predict that Tetra Technologies, Inc. will post 0.23 EPS for the current year.

Tetra Technologies Profile

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.