Swiss National Bank raised its stake in Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 906,100 shares of the oil and gas producer's stock after buying an additional 77,500 shares during the period. Swiss National Bank owned approximately 0.16% of Tellurian worth $4,802,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP raised its stake in Tellurian by 208.0% during the 4th quarter. First Trust Advisors LP now owns 5,360,310 shares of the oil and gas producer's stock valued at $16,510,000 after purchasing an additional 3,619,847 shares during the period. Paulson & CO. Inc. acquired a new position in shares of Tellurian in the fourth quarter worth $15,400,000. Northern Trust Corp increased its stake in shares of Tellurian by 3.1% in the fourth quarter. Northern Trust Corp now owns 3,605,505 shares of the oil and gas producer's stock worth $11,105,000 after acquiring an additional 106,898 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of Tellurian by 45.1% in the fourth quarter. Rafferty Asset Management LLC now owns 2,849,805 shares of the oil and gas producer's stock worth $8,777,000 after acquiring an additional 886,063 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tellurian by 265.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,419,319 shares of the oil and gas producer's stock worth $7,451,000 after acquiring an additional 1,756,596 shares during the last quarter. Institutional investors own 33.68% of the company's stock.
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Tellurian Trading Up 0.9 %
Shares of NYSEAMERICAN:TELL opened at $4.64 on Thursday. The company has a market capitalization of $2.64 billion, a PE ratio of -17.18 and a beta of 2.20. Tellurian Inc. has a 1 year low of $2.23 and a 1 year high of $6.53. The stock has a fifty day simple moving average of $3.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.69 and a quick ratio of 3.69.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on TELL shares. Roth Capital reaffirmed a "buy" rating on shares of Tellurian in a research note on Tuesday, May 10th. Bank of America raised shares of Tellurian from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $6.50 to $4.50 in a research note on Tuesday, August 9th. Evercore ISI cut shares of Tellurian from an "outperform" rating to an "in-line" rating and decreased their price objective for the stock from $7.50 to $4.50 in a report on Tuesday, August 2nd. Finally, Credit Suisse Group decreased their price objective on shares of Tellurian from $8.00 to $7.00 in a report on Monday, June 6th.
Tellurian Profile
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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 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.
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