Geode Capital Management LLC Grows Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

Geode Capital Management LLC increased its holdings in Tellurian Inc. (NYSEAMERICAN:TELL) by 15.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,741,164 shares of the oil and gas producer’s stock after buying an additional 1,283,160 shares during the period. Geode Capital Management LLC owned 1.09% of Tellurian worth $9,433,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Tellurian by 83.1% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 35,740 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 16,218 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of Tellurian during the 3rd quarter valued at $39,000. Tanglewood Legacy Advisors LLC lifted its holdings in shares of Tellurian by 82.1% during the 3rd quarter. Tanglewood Legacy Advisors LLC now owns 47,703 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 21,500 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Tellurian in the second quarter worth $37,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Tellurian by 88.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 28,236 shares during the last quarter. Institutional investors own 48.87% of the company’s stock.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $1.00 on Thursday. 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 twelve month low of $0.36 and a twelve month high of $1.07. The stock has a market cap of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

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.