Arrowstreet Capital Limited Partnership Invests $545,000 in Tellurian Inc (TELL)

Arrowstreet Capital Limited Partnership bought a new stake in Tellurian Inc (NASDAQ:TELL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 56,000 shares of the oil and gas producer’s stock, valued at approximately $545,000.

Several other institutional investors and hedge funds have also modified their holdings of TELL. BlackRock Inc. increased its holdings in shares of Tellurian by 4.2% in the 4th quarter. BlackRock Inc. now owns 4,417,762 shares of the oil and gas producer’s stock valued at $43,030,000 after purchasing an additional 177,800 shares during the period. Granite Point Capital Management L.P. acquired a new position in shares of Tellurian in the 4th quarter valued at about $438,000. Wells Fargo & Company MN increased its holdings in shares of Tellurian by 46.8% in the 4th quarter. Wells Fargo & Company MN now owns 90,641 shares of the oil and gas producer’s stock valued at $883,000 after purchasing an additional 28,878 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Tellurian in the 4th quarter valued at about $206,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Tellurian by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after purchasing an additional 11,390 shares during the period. Institutional investors own 13.86% of the company’s stock.

How to Become a New Pot Stock Millionaire

TELL has been the topic of a number of research reports. Cowen started coverage on Tellurian in a report on Friday, November 17th. They issued an “outperform” rating and a $13.50 target price on the stock. BidaskClub downgraded Tellurian from a “sell” rating to a “strong sell” rating in a report on Thursday, February 22nd. Stifel Nicolaus started coverage on Tellurian in a report on Thursday, January 4th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Seaport Global Securities started coverage on Tellurian in a report on Thursday, December 14th. They issued a “buy” rating and a $14.00 price objective on the stock.

Tellurian Inc (NASDAQ TELL) opened at $8.10 on Wednesday. Tellurian Inc has a twelve month low of $8.04 and a twelve month high of $13.74. The company has a market capitalization of $1,810.00, a P/E ratio of -6.23 and a beta of 1.27.

COPYRIGHT VIOLATION WARNING: “Arrowstreet Capital Limited Partnership Invests $545,000 in Tellurian Inc (TELL)” was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.themarketsdaily.com/2018/03/14/arrowstreet-capital-limited-partnership-invests-545000-in-tellurian-inc-tell.html.

Tellurian Company Profile

Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.

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 (NASDAQ:TELL).

Institutional Ownership by Quarter for Tellurian (NASDAQ: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.

Leave a Reply