Tellurian Inc. (NYSEAMERICAN:TELL) Holdings Lifted by State Street Corp

State Street Corp increased its holdings in Tellurian Inc. (NYSEAMERICAN:TELL) by 46.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,729,853 shares of the oil and gas producer’s stock after acquiring an additional 7,254,477 shares during the period. State Street Corp owned about 2.54% of Tellurian worth $22,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Paulson & CO. Inc. boosted its stake in shares of Tellurian by 461.7% during the 3rd quarter. Paulson & CO. Inc. now owns 30,000,000 shares of the oil and gas producer’s stock valued at $29,040,000 after buying an additional 24,659,337 shares during the period. Millennium Management LLC raised its holdings 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 worth $10,274,000 after acquiring an additional 9,430,606 shares in the last quarter. Alpine Associates Management Inc. acquired a new stake in Tellurian during the third quarter valued at $5,033,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Tellurian in the third quarter valued at about $2,867,000. Finally, Olympiad Research LP acquired a new position in Tellurian in the 3rd quarter worth about $1,996,000. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Stock Up 0.2 %

NYSEAMERICAN TELL opened at $1.00 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. Tellurian Inc. has a 12-month low of $0.36 and a 12-month high of $1.07. The company has a 50 day simple 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.