Charles Schwab Investment Management Inc. Has $5.12 Million Stock Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

Charles Schwab Investment Management Inc. boosted its stake in Tellurian Inc. (NYSEAMERICAN:TELL) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,289,747 shares of the oil and gas producer’s stock after purchasing an additional 521,603 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.59% of Tellurian worth $5,120,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TELL. Millennium Management LLC lifted its position in shares of Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock valued at $10,274,000 after purchasing an additional 9,430,606 shares in the last quarter. Alpine Associates Management Inc. bought a new position in shares of Tellurian during the third quarter valued at about $5,033,000. Olympiad Research LP bought a new position in shares of Tellurian during the third quarter valued at about $1,996,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tellurian during the second quarter valued at about $627,000. Finally, DRW Securities LLC bought a new position in shares of Tellurian during the second quarter valued at about $300,000. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Stock Performance

Shares of TELL stock opened at $1.00 on Friday. The company has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38. Tellurian Inc. has a 52 week low of $0.36 and a 52 week high of $1.07. The stock has a 50-day moving average of $0.74.

Tellurian Company Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.