Kestra Private Wealth Services LLC Acquires 17,000 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Kestra Private Wealth Services LLC lifted its holdings in shares of Tellurian Inc. (NYSEAMERICAN:TELLFree Report) by 70.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,000 shares of the oil and gas producer’s stock after purchasing an additional 17,000 shares during the period. Kestra Private Wealth Services LLC’s holdings in Tellurian were worth $48,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TELL. State Street Corp grew its holdings in shares of Tellurian by 27.3% during the second 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 during the last quarter. Millennium Management LLC boosted its holdings in Tellurian by 322.9% in the fourth quarter. Millennium Management LLC now owns 5,251,850 shares of the oil and gas producer’s stock valued at $8,823,000 after acquiring an additional 4,009,966 shares during the last quarter. BlackRock Inc. boosted its holdings in Tellurian by 9.4% in the second quarter. BlackRock Inc. now owns 37,877,094 shares of the oil and gas producer’s stock valued at $53,407,000 after acquiring an additional 3,254,263 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Tellurian by 269.2% in the first quarter. Two Sigma Investments LP now owns 4,378,248 shares of the oil and gas producer’s stock valued at $5,385,000 after acquiring an additional 3,192,368 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Tellurian by 211.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,792,885 shares of the oil and gas producer’s stock valued at $14,802,000 after acquiring an additional 1,896,469 shares during the last quarter. Institutional investors own 32.62% of the company’s stock.

Tellurian Stock Up 18.4 %

Tellurian stock opened at $0.65 on Monday. The firm has a 50-day moving average price of $0.97. The company has a market capitalization of $411.25 million, a PE ratio of -2.94 and a beta of 2.24. Tellurian Inc. has a 12-month low of $0.36 and a 12-month high of $1.84. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.62 and a current ratio of 0.62.

Insider Activity at Tellurian

In other news, Director Jonathan S. Gross purchased 120,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $0.67 per share, for a total transaction of $80,400.00. Following the completion of the acquisition, the director now directly owns 460,000 shares in the company, valued at $308,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

Tellurian Company Profile

(Free Report)

Tellurian Inc engages in the natural gas business worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.

See Also

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Institutional Ownership by Quarter for Tellurian (NYSEAMERICAN:TELL)

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