Wolverine Asset Management LLC Takes Position in Tellurian Inc. (NYSEAMERICAN:TELL)

Wolverine Asset Management LLC purchased a new position in Tellurian Inc. (NYSEAMERICAN:TELL) in the 3rd quarter, HoldingsChannel reports. The fund purchased 165,797 shares of the oil and gas producer’s stock, valued at approximately $160,000.

A number of other hedge funds also recently bought and sold shares of TELL. Vanguard Group Inc. boosted its stake in Tellurian by 12.5% during the 1st quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock valued at $24,724,000 after purchasing an additional 4,149,531 shares during the last quarter. Millennium Management LLC boosted its position in shares of Tellurian by 174.5% during the second quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock valued at $10,274,000 after buying an additional 9,430,606 shares during the last quarter. Olympiad Research LP bought a new stake in Tellurian in the 3rd quarter worth about $1,996,000. BNP Paribas Financial Markets raised its position in Tellurian by 22.9% in the 1st quarter. BNP Paribas Financial Markets now owns 1,785,943 shares of the oil and gas producer’s stock worth $1,181,000 after buying an additional 333,362 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Tellurian by 8.9% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,439,118 shares of the oil and gas producer’s stock valued at $997,000 after acquiring an additional 117,400 shares during the period. Institutional investors own 48.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “neutral” rating and issued a $1.00 price target (down from $2.50) on shares of Tellurian in a research note on Monday, July 22nd.

Tellurian Price Performance

NYSEAMERICAN TELL opened at $1.00 on Friday. The company has a market cap of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. Tellurian Inc. has a 1-year low of $0.36 and a 1-year high of $1.07. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $0.73.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.