General Electric Co. lowered its holdings in Tellurian Inc (NASDAQ:TELL) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,733,925 shares of the oil and gas producer’s stock after selling 1,843,982 shares during the quarter. Tellurian accounts for about 54.2% of General Electric Co.’s investment portfolio, making the stock its biggest holding. General Electric Co.’s holdings in Tellurian were worth $19,001,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of 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 valued at $75,645,000 after acquiring an additional 346,785 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Tellurian during the 4th quarter valued at about $123,000. Catalyst Capital Advisors LLC raised its holdings in shares of Tellurian by 14.0% during the 4th quarter. Catalyst Capital Advisors LLC now owns 360,525 shares of the oil and gas producer’s stock valued at $2,506,000 after buying an additional 44,400 shares in the last quarter. GWM Advisors LLC purchased a new position in shares of Tellurian during the 4th quarter valued at about $79,000. Finally, Linscomb & Williams Inc. purchased a new position in shares of Tellurian during the 4th quarter valued at about $904,000. Hedge funds and other institutional investors own 21.47% of the company’s stock.
Tellurian stock traded down $0.04 during trading hours on Thursday, reaching $10.04. The company had a trading volume of 80,509 shares, compared to its average volume of 1,413,174. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.66 and a quick ratio of 2.66. The stock has a market capitalization of $2.41 billion, a P/E ratio of -17.61 and a beta of 1.92. Tellurian Inc has a 12-month low of $5.90 and a 12-month high of $12.45.
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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.
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