JPMorgan Chase & Co. Increases Position in Tellurian Inc. (NYSEAMERICAN:TELL)

JPMorgan Chase & Co. lifted its stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 540.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,133,012 shares of the oil and gas producer’s stock after purchasing an additional 3,487,583 shares during the period. JPMorgan Chase & Co. owned about 0.46% of Tellurian worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paulson & CO. Inc. raised its stake in Tellurian by 461.7% during the third quarter. Paulson & CO. Inc. now owns 30,000,000 shares of the oil and gas producer’s stock worth $29,040,000 after purchasing an additional 24,659,337 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Tellurian in the third quarter valued at approximately $23,023,000. Millennium Management LLC grew its stake 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 purchasing an additional 9,430,606 shares in the last quarter. State Street Corp boosted its holdings in Tellurian by 46.9% in the third quarter. State Street Corp now owns 22,729,853 shares of the oil and gas producer’s stock valued at $22,002,000 after purchasing an additional 7,254,477 shares in the last quarter. Finally, Alpine Associates Management Inc. acquired a new stake in shares of Tellurian during the third quarter worth about $5,033,000. Hedge funds and other institutional investors own 48.87% of the company’s stock.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $1.00 on Friday. Tellurian Inc. has a one year low of $0.36 and a one year high of $1.07. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

About Tellurian

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.