FourThought Financial LLC Has $147,000 Stock Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

FourThought Financial LLC increased its holdings in shares of Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 32.2% in the third quarter, Holdings Channel.com reports. The firm owned 61,545 shares of the oil and gas producer’s stock after purchasing an additional 14,973 shares during the quarter. FourThought Financial LLC’s holdings in Tellurian were worth $147,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Tellurian by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 38,741,118 shares of the oil and gas producer’s stock worth $92,592,000 after purchasing an additional 1,182,723 shares in the last quarter. State Street Corp increased its stake in Tellurian by 27.3% during the 2nd quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer’s stock worth $109,162,000 after purchasing an additional 7,856,617 shares in the last quarter. BlackRock Inc. increased its stake in Tellurian by 1.4% during the 3rd quarter. BlackRock Inc. now owns 32,768,396 shares of the oil and gas producer’s stock worth $78,317,000 after purchasing an additional 436,821 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Tellurian by 20.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,933,272 shares of the oil and gas producer’s stock worth $11,791,000 after purchasing an additional 824,472 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Tellurian by 29.1% during the 2nd quarter. Northern Trust Corp now owns 4,515,973 shares of the oil and gas producer’s stock worth $13,457,000 after purchasing an additional 1,018,761 shares in the last quarter. 39.42% of the stock is owned by institutional investors.

Insider Transactions at Tellurian

In other news, Chairman Charif Souki sold 310,381 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $1.40, for a total transaction of $434,533.40. Following the sale, the chairman now owns 9,406,205 shares in the company, valued at approximately $13,168,687. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 11,833,942 shares of company stock worth $19,595,789 in the last 90 days. Corporate insiders own 10.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. B. Riley lowered their target price on Tellurian from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, February 23rd. Bank of America downgraded Tellurian from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $4.00 to $1.50 in a research report on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.60.

Tellurian Stock Down 5.8 %

NYSEAMERICAN:TELL opened at $1.14 on Friday. Tellurian Inc. has a twelve month low of $1.08 and a twelve month high of $6.54. The company has a market cap of $642.41 million, a price-to-earnings ratio of -10.36 and a beta of 2.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.93 and a quick ratio of 1.93.

Tellurian Company Profile

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Tellurian, Inc engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that include an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.