SL Advisors LLC Has $367,000 Stake in Tellurian Inc (TELL)

SL Advisors LLC grew its stake in Tellurian Inc (NASDAQ:TELL) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,768 shares of the oil and gas producer’s stock after buying an additional 7,749 shares during the quarter. SL Advisors LLC’s holdings in Tellurian were worth $367,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. North Star Investment Management Corp. raised its holdings in Tellurian by 1.2% in the 4th quarter. North Star Investment Management Corp. now owns 255,500 shares of the oil and gas producer’s stock worth $1,776,000 after purchasing an additional 3,000 shares during the period. Cohen & Steers Inc. acquired a new position in Tellurian in the 3rd quarter worth about $1,498,000. Teachers Advisors LLC raised its holdings in Tellurian by 3.6% in the 3rd quarter. Teachers Advisors LLC now owns 160,732 shares of the oil and gas producer’s stock worth $1,442,000 after purchasing an additional 5,559 shares during the period. Vanguard Group Inc raised its holdings in Tellurian by 4.3% in the 3rd quarter. Vanguard Group Inc now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after purchasing an additional 346,785 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Tellurian by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,433,168 shares of the oil and gas producer’s stock worth $75,645,000 after purchasing an additional 346,785 shares during the period. 19.07% of the stock is owned by institutional investors and hedge funds.

Shares of Tellurian stock traded up $0.14 during mid-day trading on Monday, reaching $7.73. 90,202 shares of the stock traded hands, compared to its average volume of 2,360,788. Tellurian Inc has a fifty-two week low of $5.90 and a fifty-two week high of $12.45. The stock has a market capitalization of $2.06 billion, a P/E ratio of -9.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.61 and a quick ratio of 4.61.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company had revenue of $0.80 million during the quarter, compared to analysts’ expectations of $0.83 million. Tellurian had a negative net margin of 930.79% and a negative return on equity of 45.00%. As a group, research analysts anticipate that Tellurian Inc will post -0.58 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research raised Tellurian from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Credit Suisse Group assumed coverage on Tellurian in a report on Thursday, October 11th. They set an “outperform” rating and a $15.00 target price for the company. Wolfe Research assumed coverage on Tellurian in a report on Tuesday, November 13th. They set a “market perform” rating for the company. Robert W. Baird set a $17.00 target price on Tellurian and gave the company a “buy” rating in a report on Monday, September 17th. Finally, BidaskClub raised Tellurian from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $11.95.

In related news, Director Don A. Turkleson purchased 3,783 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was acquired at an average cost of $6.75 per share, for a total transaction of $25,535.25. Following the completion of the transaction, the director now directly owns 126,121 shares of the company’s stock, valued at $851,316.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Don A. Turkleson purchased 83,897 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was bought at an average price of $6.75 per share, with a total value of $566,304.75. Following the completion of the transaction, the director now directly owns 126,121 shares of the company’s stock, valued at $851,316.75. The disclosure for this purchase can be found here. Insiders bought 210,000 shares of company stock valued at $1,454,400 over the last 90 days. Company insiders own 44.80% of the company’s stock.

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Tellurian Company Profile

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

Further Reading: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

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