Vanguard Group Inc. increased its position in Tellurian Inc. (NYSEAMERICAN:TELL – Free Report) by 12.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,380,931 shares of the oil and gas producer after acquiring an additional 4,149,531 shares during the quarter. Vanguard Group Inc. owned 4.47% of Tellurian worth $24,724,000, according to its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Tellurian in the fourth quarter valued at $50,000. New York State Common Retirement Fund increased its position in Tellurian by 73.0% in the fourth quarter. New York State Common Retirement Fund now owns 787,273 shares of the oil and gas producer worth $595,000 after purchasing an additional 332,323 shares in the last quarter. Avidian Wealth Solutions LLC increased its position in Tellurian by 256.8% in the fourth quarter. Avidian Wealth Solutions LLC now owns 138,426 shares of the oil and gas producer worth $105,000 after purchasing an additional 99,626 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Tellurian by 343.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,452,581 shares of the oil and gas producer’s stock worth $1,098,000 after purchasing an additional 1,124,976 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of Tellurian by 4,704.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,232,443 shares of the oil and gas producer’s stock worth $937,000 after purchasing an additional 1,206,793 shares in the last quarter. 48.87% of the shares are owned by hedge funds and other institutional investors.
Wall Street analysts comment
Separately, B. Riley reiterated its “neutral” rating and issued a price target of $1.00 (up from $2.50 previously) on Tellurian shares in a research note on Monday, July 22.
Read our latest research report on Tellurian
Tellurian price development
Tellurian stock opened at $0.91 on Friday. The company’s 50-day moving average is $0.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $760.55 million, a price-to-earnings ratio of -3.03 and a beta of 2.55. Tellurian Inc. has a 52-week low of $0.36 and a 52-week high of $1.54.
Insider buying and selling at Tellurian
In other Tellurian news, Director Diana Derycz Kessler sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24. The shares were sold at an average price of $0.95, for a total value of $950,000.00. Following the sale, the director now directly owns 1,050,000 shares of the company’s stock, valued at $997,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the shares are owned by company insiders.
Tellurian Company Profile
(Free report)
Tellurian Inc. is engaged in the natural gas business worldwide. The company operates in three segments: Upstream, Midstream and Marketing & Trading. The company produces, gathers, purchases, sells and delivers natural gas, acquires and develops natural gas facilities, and develops, constructs and operates liquefied natural gas terminals and pipelines.
Selected articles
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