Truist Financial Corp Sells 321,041 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Truist Financial Corp trimmed its holdings in shares of TETRA Technologies, Inc. (NYSE:TTIGet Rating) by 47.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,214 shares of the oil and gas company’s stock after selling 321,041 shares during the quarter. Truist Financial Corp owned 0.28% of TETRA Technologies worth $1,272,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in TETRA Technologies by 4.6% during the 1st quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company’s stock worth $274,000 after acquiring an additional 2,946 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in TETRA Technologies by 2.6% during the 2nd quarter. Chartwell Investment Partners LLC now owns 254,969 shares of the oil and gas company’s stock worth $1,035,000 after acquiring an additional 6,379 shares during the last quarter. Covestor Ltd acquired a new position in TETRA Technologies during the 1st quarter worth approximately $31,000. Charles Schwab Investment Management Inc. boosted its position in TETRA Technologies by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 324,224 shares of the oil and gas company’s stock worth $1,333,000 after acquiring an additional 9,092 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in TETRA Technologies by 1.5% during the 3rd quarter. Foundry Partners LLC now owns 716,961 shares of the oil and gas company’s stock worth $2,574,000 after acquiring an additional 10,358 shares during the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on TETRA Technologies in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

TETRA Technologies Trading Down 6.9 %

NYSE TTI opened at $3.67 on Thursday. The company has a market cap of $472.04 million, a PE ratio of 61.17 and a beta of 2.50. The company has a current ratio of 2.01, a quick ratio of 1.37 and a debt-to-equity ratio of 1.51. TETRA Technologies, Inc. has a 12 month low of $2.70 and a 12 month high of $5.82. The stock has a 50 day moving average of $3.62 and a 200-day moving average of $3.88.

TETRA Technologies (NYSE:TTIGet Rating) last released its quarterly earnings data on Monday, October 31st. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $135.01 million during the quarter, compared to analyst estimates of $132.60 million. TETRA Technologies had a net margin of 1.66% and a return on equity of 16.11%. On average, equities research analysts anticipate that TETRA Technologies, Inc. will post 0.21 EPS for the current fiscal year.

TETRA Technologies Profile

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TETRA Technologies, Inc, together with its subsidiaries, operates as a diversified oil and gas services company. It operates through Completion Fluids & Products Division and Water & Flowback Services segments. 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.

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Institutional Ownership by Quarter for TETRA Technologies (NYSE:TTI)

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