Metropolitan Life Insurance Co. NY increased its position in shares of Tellurian Inc (NASDAQ:TELL) by 356.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,500 shares of the oil and gas producer’s stock after purchasing an additional 21,478 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Tellurian were worth $191,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Tellurian by 4.3% during the third 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 last quarter. Fox Run Management L.L.C. acquired a new stake in Tellurian during the fourth quarter worth about $123,000. Catalyst Capital Advisors LLC increased its position in Tellurian by 14.0% during the fourth quarter. Catalyst Capital Advisors LLC now owns 360,525 shares of the oil and gas producer’s stock worth $2,506,000 after purchasing an additional 44,400 shares during the last quarter. GWM Advisors LLC acquired a new stake in Tellurian during the fourth quarter worth about $79,000. Finally, Linscomb & Williams Inc. acquired a new stake in Tellurian during the fourth quarter worth about $904,000. Hedge funds and other institutional investors own 21.47% of the company’s stock.
NASDAQ TELL opened at $10.05 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.19. Tellurian Inc has a one year low of $5.90 and a one year high of $12.45. The company has a market capitalization of $2.48 billion, a PE ratio of -17.63 and a beta of 1.92.
Several research analysts have weighed in on TELL shares. BidaskClub raised shares of Tellurian from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 2nd. Raymond James started coverage on shares of Tellurian in a research note on Wednesday, February 13th. They set an “outperform” rating and a $12.00 target price for the company. Credit Suisse Group increased their target price on shares of Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday, February 28th. Scotiabank started coverage on shares of Tellurian in a research note on Friday, February 8th. They set a “sector perform” rating for the company. Finally, BTIG Research started coverage on shares of Tellurian in a research note on Monday, March 11th. They set a “buy” rating and a $20.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $13.25.
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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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.
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