Northern Trust Corp Has $7.54 Million Holdings in Tellurian Inc (TELL)

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Northern Trust Corp lessened its holdings in shares of Tellurian Inc (NASDAQ:TELL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,085,301 shares of the oil and gas producer’s stock after selling 18,273 shares during the period. Northern Trust Corp owned about 0.45% of Tellurian worth $7,543,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TELL. BlackRock Inc. grew its position in shares of Tellurian by 14.2% during the 3rd quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock worth $52,666,000 after purchasing an additional 730,061 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Tellurian during the 4th quarter worth approximately $2,972,000. Vanguard Group Inc grew its position in shares of Tellurian by 4.3% during 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 in the last quarter. Vanguard Group Inc. grew its position in shares of Tellurian by 4.3% during 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 in the last quarter. Finally, Perella Weinberg Partners Capital Management LP grew its position in shares of Tellurian by 41.5% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 594,713 shares of the oil and gas producer’s stock worth $4,133,000 after purchasing an additional 174,323 shares in the last quarter. 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 current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.48 billion, a P/E ratio of -17.63 and a beta of 1.92. Tellurian Inc has a 1 year low of $5.90 and a 1 year high of $12.45.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Wednesday, February 27th. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The business had revenue of $1.87 million for the quarter, compared to analyst estimates of $1.73 million. Tellurian had a negative net margin of 1,222.61% and a negative return on equity of 41.22%. Equities analysts expect that Tellurian Inc will post -0.56 EPS for the current year.

Several research firms recently issued reports on TELL. Zacks Investment Research upgraded shares of Tellurian from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. BidaskClub upgraded shares of Tellurian from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Credit Suisse Group increased their price target on shares of Tellurian from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Finally, BTIG Research began coverage on shares of Tellurian in a research report on Monday, March 11th. They set a “buy” rating and a $20.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.25.

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Tellurian 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.

Further Reading: Net Asset Value

Institutional Ownership by Quarter for Tellurian (NASDAQ:TELL)

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