Vanguard Group Inc. Has $49.83 Million Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

Vanguard Group Inc. increased its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL - Free Report) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,954,827 shares of the oil and gas producer's stock after purchasing an additional 1,844,374 shares during the period. Vanguard Group Inc. owned approximately 6.77% of Tellurian worth $49,828,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Toroso Investments LLC purchased a new position in shares of Tellurian during the 1st quarter worth approximately $26,000. American Century Companies Inc. acquired a new stake in Tellurian during the first quarter worth approximately $29,000. Foundations Investment Advisors LLC acquired a new stake in Tellurian during the third quarter worth approximately $30,000. Heritage Wealth Partners LLC acquired a new stake in Tellurian during the third quarter worth approximately $34,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Tellurian during the second quarter worth approximately $37,000. 48.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their target price on shares of Tellurian from $2.50 to $1.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 13th.

Tellurian Stock Performance

Shares of NYSEAMERICAN:TELL traded up $0.03 during mid-day trading on Tuesday, hitting $0.57. 35,654,807 shares of the company traded hands, compared to its average volume of 38,123,809. The stock's 50 day moving average price is $0.84. The firm has a market capitalization of $364.91 million, a price-to-earnings ratio of -1.90 and a beta of 2.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66. Tellurian Inc. has a 52-week low of $0.36 and a 52-week high of $1.76.

Tellurian (NYSEAMERICAN:TELL - Get Free Report) last announced its earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Tellurian had a negative net margin of 100.03% and a negative return on equity of 22.05%. The business had revenue of $39.96 million during the quarter, compared to the consensus estimate of $55.22 million. Equities research analysts expect that Tellurian Inc. will post -0.21 EPS for the current fiscal year.

Tellurian Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.