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Truist Financial Corp sells 321,041 TETRA Technologies, Inc. shares (NYSE:TTI)

Truist Financial Corp sells 321,041 TETRA Technologies, Inc. shares (NYSE:TTI)

According to the most recent report that the company submitted to the SEC, during the third quarter of 2018, Trust Financial Corp. decreased the number of shares it held of TETRA Technologies, Inc. (NYSE: TTI). The institutional investor now has 354,214 shares of the oil and gas company’s stock in possession after selling 321,041 shares of the company’s stock during the quarter. According to the most recent SEC report submitted by Trust Financial Corp., the company owns 0.28% of TETRA Technologies, which has a market value of $1,272,000.

In the most recent few months, several other large investors have engaged in transactions involving buying and selling company shares. A variety of different companies carried out these transactions. Raymond James & Associates increased the amount of TETRA Technologies stock owned by 4.6% during the year’s first quarter. After making an additional purchase of 2,946 shares during the most recent quarter, Raymond James & Associates now owns 66,683 in the oil and gas business. These shares are valued at $274,000, thanks to the fact that the company purchased them during this quarter. Chartwell Investment Partners LLC’s holdings of TETRA Technologies stock saw a 2.6% increase during the second quarter due to the company’s recent stock purchases. Chartwell Investment Partners LLC now has a total of 254,969 shares of the stock of the oil and gas company following the acquisition of an additional 6,379 shares during the most recent quarter. Each share of the oil and gas company’s stock is currently valued at $1.035,000. Covestor Ltd. increased its stake in TETRA Technologies during the first quarter by investing approximately $31,000 to expand its company holdings. Charles Schwab Investment Management Inc. increased the amount of TETRA Technologies stock owned by 2.9% during the first three months of 2018. Charles Schwab Investment Management Inc. now has 324,224 shares of the oil and gas company after purchasing an additional 9,092 shares during the most recent quarter. The company’s holdings are currently valued at a combined total of $1,333,00 due to the value of all of the company’s shares. And finally, during the third quarter, Foundry Partners LLC increased its holdings in TETRA Technologies by 1.5% by purchasing additional shares. Foundry Partners LLC now owns 716,961 shares of the oil and gas company’s stock, which has a value of $2,574,000 after purchasing an additional 10,358 shares during the most recent quarter. This brings the total number of shares owned by Foundry Partners LLC to 716,961. Institutional investors and hedge funds own 59.55 percent of the company’s total shares, making up the majority of the shareholders.

In a separate development, a research report on TETRA Technologies was released by StockNews.com on October 12—the same day that the website began reporting on the company. They recommended that shareholders “hold” their shares of the company.

The $3.67 was chosen to mark the beginning of trading on the NYSE TTI on Thursday. The company has a price-earnings ratio of 61.17 and a beta value of 2.50, and its market capitalization is currently at $472.04 million. Currently, the debt-to-equity ratio stands at 1.51, the quick ratio comes in at 1.37, and the current ratio sits at 2.01 in its respective form. TETRA Technologies, Inc. hit a low of $2.70 during the past year, while the company reached a high of $5.82 during the same period. The moving average price of the stock over the previous 200 days is $3.88, while the moving average price over the previous 50 days is $3.62.

The most recent quarterly results report that TETRA Technologies (NYSE: TTI) had to offer made available to the general public on October 31. The actual earnings per share for the quarter came in at $0.02, which was $0.01 less than the average estimate of $0.03 that was being used. The oil and gas industry suffered a loss during the period in question. The revenue for the quarter came in at $135.01 million, which was significantly higher than the analysts’ average estimate of $132.60 million for the amount of revenue generated during the quarter. TETRA Technologies had a return on equity of 16.11%, and the company had a net margin of 1.66% during the same period. Profits for TETRA Technologies, Inc. are expected to come in at $0.21 per share for the current fiscal year, according to the forecasts provided by specialists in equity research.

TETRA Technologies, Inc. and its subsidiary companies operate as diversified service providers in the oil and gas industry. At the moment, it runs two separate business divisions, which are known as the Completion Fluids & Products Division and the Water & Flowback Services Division, respectively. The oil and gas industry in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa, is responsible for the manufacturing and marketing of clear brine fluids, additives, and other products and services related to this industry. These products and services are utilized in drilling new wells, completing existing ones, and performing workovers.

Are you interested in learning more about the other hedge funds that hold positions in TTI? If you go to HoldingsChannel.com, you can look at the most recent 13F filings and insider transactions for TETRA Technologies, Inc. (NYSE: TTI).

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