Tellurian Inc. (NYSEAMERICAN:TELL) Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. lowered its position in shares of Tellurian Inc. (NYSEAMERICAN:TELLFree Report) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,122,431 shares of the oil and gas producer’s stock after selling 38,571 shares during the quarter. Alps Advisors Inc.’s holdings in Tellurian were worth $1,302,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tellurian by 3.1% in the third quarter. Vanguard Group Inc. now owns 38,741,118 shares of the oil and gas producer’s stock valued at $92,592,000 after purchasing an additional 1,182,723 shares in the last quarter. BlackRock Inc. grew its position in shares of Tellurian by 9.4% in the second quarter. BlackRock Inc. now owns 37,877,094 shares of the oil and gas producer’s stock valued at $53,407,000 after purchasing an additional 3,254,263 shares in the last quarter. State Street Corp grew its position in shares of Tellurian by 27.3% in the second quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer’s stock valued at $109,162,000 after purchasing an additional 7,856,617 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Tellurian by 5.6% in the second quarter. Geode Capital Management LLC now owns 10,241,142 shares of the oil and gas producer’s stock valued at $14,440,000 after purchasing an additional 544,022 shares in the last quarter. Finally, Millennium Management LLC grew its position in Tellurian by 322.9% in the fourth quarter. Millennium Management LLC now owns 5,251,850 shares of the oil and gas producer’s stock worth $8,823,000 after acquiring an additional 4,009,966 shares during the period. Institutional investors and hedge funds own 32.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their price objective on Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

Get Our Latest Stock Analysis on Tellurian

Tellurian Trading Down 6.5 %

Shares of Tellurian stock opened at $0.82 on Friday. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.76. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $0.91.

Tellurian (NYSEAMERICAN:TELLGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The oil and gas producer reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. Tellurian had a negative return on equity of 22.05% and a negative net margin of 100.03%. The business had revenue of $39.96 million during the quarter, compared to analyst estimates of $55.22 million. Research analysts predict that Tellurian Inc. will post -0.19 earnings per share for the current year.

Insider Transactions at Tellurian

In other news, Director Jonathan S. Gross purchased 120,000 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $0.67 per share, for a total transaction of $80,400.00. Following the completion of the transaction, the director now directly owns 460,000 shares in the company, valued at approximately $308,200. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.20% of the company’s stock.

About Tellurian

(Free Report)

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 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.

See Also

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. (NYSEAMERICAN:TELLFree Report).

Institutional Ownership by Quarter for Tellurian (NYSEAMERICAN: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.