FourThought Financial LLC Has $147,000 Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

FourThought Financial LLC grew its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,545 shares of the oil and gas producer’s stock after buying an additional 14,973 shares during the quarter. FourThought Financial LLC’s holdings in Tellurian were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Tellurian by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 38,741,118 shares of the oil and gas producer’s stock valued at $92,592,000 after acquiring an additional 1,182,723 shares in the last quarter. State Street Corp raised its stake in shares of Tellurian by 27.3% in the 2nd quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer’s stock valued at $109,162,000 after acquiring an additional 7,856,617 shares in the last quarter. BlackRock Inc. raised its stake in shares of Tellurian by 1.4% in the 3rd quarter. BlackRock Inc. now owns 32,768,396 shares of the oil and gas producer’s stock valued at $78,317,000 after acquiring an additional 436,821 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Tellurian by 20.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,933,272 shares of the oil and gas producer’s stock valued at $11,791,000 after acquiring an additional 824,472 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Tellurian by 29.1% in the 2nd quarter. Northern Trust Corp now owns 4,515,973 shares of the oil and gas producer’s stock valued at $13,457,000 after acquiring an additional 1,018,761 shares in the last quarter. 39.42% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Stock Down 5.8 %

TELL opened at $1.14 on Friday. The company has a market capitalization of $642.41 million, a price-to-earnings ratio of -10.36 and a beta of 2.31. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.64. Tellurian Inc. has a 12-month low of $1.08 and a 12-month high of $6.54.

Insiders Place Their Bets

In other Tellurian news, Chairman Charif Souki sold 310,381 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $1.40, for a total value of $434,533.40. Following the completion of the sale, the chairman now owns 9,406,205 shares in the company, valued at approximately $13,168,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 11,833,942 shares of company stock worth $19,595,789. 10.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TELL has been the topic of a number of recent analyst reports. Bank of America downgraded Tellurian from a “buy” rating to an “underperform” rating and cut their price objective for the company from $4.00 to $1.50 in a research note on Tuesday, February 14th. B. Riley lowered their target price on Tellurian from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.60.

Tellurian Company 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.