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.
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.
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).
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.