Vontobel Holding Ltd. cut its position in Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 47.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,477 shares of the oil and gas producer's stock after selling 44,185 shares during the quarter. Vontobel Holding Ltd.'s holdings in Tellurian were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. lifted its stake in Tellurian by 19.7% in the 3rd quarter. Wedbush Securities Inc. now owns 36,500 shares of the oil and gas producer's stock worth $87,000 after purchasing an additional 6,000 shares in the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in shares of Tellurian during the 2nd quarter valued at $46,000. Private Advisor Group LLC raised its position in shares of Tellurian by 27.1% during the 3rd quarter. Private Advisor Group LLC now owns 60,498 shares of the oil and gas producer's stock valued at $145,000 after buying an additional 12,917 shares in the last quarter. Accel Wealth Management purchased a new stake in shares of Tellurian during the 3rd quarter valued at $53,000. Finally, Arizona State Retirement System raised its position in shares of Tellurian by 15.3% during the 2nd quarter. Arizona State Retirement System now owns 119,435 shares of the oil and gas producer's stock valued at $356,000 after buying an additional 15,849 shares in the last quarter. 39.42% of the stock is currently owned by hedge funds and other institutional investors.
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Tellurian stock opened at $1.93 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $1.09 billion, a PE ratio of -7.42 and a beta of 2.31. Tellurian Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $6.53.
Tellurian (NYSEAMERICAN:TELL – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The oil and gas producer reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $81.10 million for the quarter, compared to analysts' expectations of $89.05 million. Tellurian had a negative net margin of 39.26% and a negative return on equity of 21.83%. On average, equities analysts forecast that Tellurian Inc. will post -0.2 earnings per share for the current year.Tellurian Profile
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Tellurian, Inc engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that include an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.
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