BP Capital Fund Advisors LLC purchased a new position in Tellurian Inc (NASDAQ:TELL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 93,725 shares of the oil and gas producer’s stock, valued at approximately $651,000.
A number of other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of Tellurian by 280.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after buying an additional 2,800 shares during the last quarter. GWM Advisors LLC acquired a new position in shares of Tellurian during the fourth quarter valued at about $79,000. Fox Run Management L.L.C. acquired a new position in shares of Tellurian during the fourth quarter valued at about $123,000. LPL Financial LLC grew its holdings in shares of Tellurian by 148.7% during the fourth quarter. LPL Financial LLC now owns 31,528 shares of the oil and gas producer’s stock valued at $219,000 after buying an additional 18,850 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Tellurian by 27.1% during the second quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock valued at $342,000 after buying an additional 8,758 shares during the last quarter. Institutional investors and hedge funds own 19.62% of the company’s stock.
Get Tellurian alerts:Shares of TELL traded down $0.28 during trading hours on Friday, reaching $9.98. 31,685 shares of the stock traded hands, compared to its average volume of 1,912,625. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.61 and a quick ratio of 4.61. Tellurian Inc has a 52 week low of $5.90 and a 52 week high of $12.45. The firm has a market capitalization of $2.42 billion, a P/E ratio of -11.90 and a beta of 2.01.
In other news, Director Don A. Turkleson purchased 83,897 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average cost of $6.75 per share, with a total value of $566,304.75. Following the completion of the transaction, the director now directly owns 126,121 shares of the company’s stock, valued at $851,316.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Don A. Turkleson purchased 42,320 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average cost of $6.75 per share, for a total transaction of $285,660.00. Following the completion of the transaction, the director now directly owns 172,224 shares of the company’s stock, valued at $1,162,512. The disclosure for this purchase can be found here. Insiders have purchased 130,000 shares of company stock worth $877,500 over the last three months. 44.80% of the stock is owned by insiders.
TELL has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Scotiabank initiated coverage on shares of Tellurian in a report on Friday, February 8th. They set a “sector perform” rating for the company. Credit Suisse Group reduced their price objective on shares of Tellurian from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, November 14th. BidaskClub upgraded shares of Tellurian from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Wolfe Research initiated coverage on shares of Tellurian in a report on Tuesday, November 13th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $12.13.
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Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.
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