CoreCommodity Management LLC Invests $166,000 in Tellurian Inc (TELL) Stock

CoreCommodity Management LLC bought a new position in shares of Tellurian Inc (NASDAQ:TELL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,937 shares of the oil and gas producer’s stock, valued at approximately $166,000.

A number of other institutional investors also recently made changes to their positions in TELL. Cohen & Steers Inc. boosted its holdings in Tellurian by 127.1% in the fourth quarter. Cohen & Steers Inc. now owns 379,306 shares of the oil and gas producer’s stock valued at $2,636,000 after acquiring an additional 212,306 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tellurian by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 1,123,881 shares of the oil and gas producer’s stock valued at $7,810,000 after acquiring an additional 75,120 shares during the last quarter. BP Capital Fund Advisors LLC bought a new position in Tellurian in the fourth quarter valued at about $651,000. Bank of New York Mellon Corp boosted its holdings in Tellurian by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 395,866 shares of the oil and gas producer’s stock valued at $2,751,000 after acquiring an additional 42,426 shares during the last quarter. Finally, Linscomb & Williams Inc. bought a new position in Tellurian in the fourth quarter valued at about $904,000. 21.47% of the stock is owned by hedge funds and other institutional investors.

TELL has been the topic of several recent research reports. Zacks Investment Research cut Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. BidaskClub upgraded Tellurian from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Raymond James began coverage on Tellurian in a report on Wednesday, February 13th. They set an “outperform” rating and a $12.00 target price on the stock. Finally, Credit Suisse Group raised their target price on Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Tellurian has a consensus rating of “Buy” and an average price target of $13.25.

Shares of TELL opened at $9.98 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. Tellurian Inc has a 1 year low of $5.90 and a 1 year high of $12.45. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -17.51 and a beta of 1.92.

In related news, Director Don A. Turkleson bought 42,320 shares of Tellurian stock in a transaction on Monday, December 17th. The shares were purchased at an average price of $6.75 per share, for a total transaction of $285,660.00. Following the completion of the acquisition, the director now owns 172,224 shares in the company, valued at $1,162,512. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 44.80% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://sportsperspectives.com/2019/03/17/corecommodity-management-llc-invests-166000-in-tellurian-inc-tell-stock.html.

Tellurian Company Profile

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.

Featured Article: Lock-Up Period Expiration

Want to see what other hedge funds are holding TELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tellurian Inc (NASDAQ:TELL).

Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

Receive News & Ratings for Tellurian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tellurian and related companies with MarketBeat.com's FREE daily email newsletter.