XTX Topco Ltd Sells 65,315 Shares of TETRA Technologies, Inc. (NYSE:TTI)

XTX Topco Ltd trimmed its holdings in TETRA Technologies, Inc. (NYSE:TTI) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 65,338 shares of the oil and gas company’s stock after selling 65,315 shares during the quarter. XTX Topco Ltd’s holdings in TETRA Technologies were worth $234,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. KLCM Advisors Inc. acquired a new stake in shares of TETRA Technologies in the 4th quarter valued at $36,000. HighTower Advisors LLC bought a new stake in shares of TETRA Technologies during the 4th quarter worth about $39,000. Cibc World Markets Corp bought a new stake in shares of TETRA Technologies during the 4th quarter worth about $42,000. M&T Bank Corp acquired a new position in shares of TETRA Technologies during the 4th quarter valued at about $53,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of TETRA Technologies in the 4th quarter valued at approximately $63,000. 70.19% of the stock is owned by institutional investors.

TETRA Technologies Price Performance

Shares of NYSE:TTI opened at $2.69 on Friday. The company has a market cap of $356.14 million, a price-to-earnings ratio of 134.57 and a beta of 1.54. The business has a 50 day moving average price of $3.15 and a 200 day moving average price of $3.61. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. TETRA Technologies, Inc. has a twelve month low of $2.03 and a twelve month high of $5.12.

TETRA Technologies (NYSE:TTI) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $134.50 million for the quarter, compared to the consensus estimate of $138.96 million. TETRA Technologies had a net margin of 0.27% and a return on equity of 14.53%. Research analysts predict that TETRA Technologies, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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 reiterated a “buy” rating and issued a $5.50 target price on shares of TETRA Technologies in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $6.67.

About TETRA Technologies

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.