Paulson & CO. Inc. Increases Stock Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

Paulson & CO. Inc. lifted its stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 461.7% during the third quarter, HoldingsChannel reports. The firm owned 30,000,000 shares of the oil and gas producer’s stock after acquiring an additional 24,659,337 shares during the quarter. Tellurian makes up 2.0% of Paulson & CO. Inc.’s investment portfolio, making the stock its 10th largest position. Paulson & CO. Inc.’s holdings in Tellurian were worth $29,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Tellurian by 6.8% during the 2nd quarter. Arizona State Retirement System now owns 197,131 shares of the oil and gas producer’s stock worth $137,000 after purchasing an additional 12,516 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Tellurian by 83.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 35,740 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 16,218 shares in the last quarter. Tanglewood Legacy Advisors LLC increased its holdings in shares of Tellurian by 82.1% during the 3rd quarter. Tanglewood Legacy Advisors LLC now owns 47,703 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 21,500 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Tellurian by 88.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 28,236 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Tellurian by 16.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 205,672 shares of the oil and gas producer’s stock worth $142,000 after acquiring an additional 28,301 shares during the last quarter. Institutional investors own 48.87% of the company’s stock.

Tellurian Trading Up 0.2 %

TELL stock opened at $1.00 on Friday. 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 firm has a market cap of $892.85 million, a price-to-earnings 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 business’s 50 day simple moving average is $0.74.

Tellurian Profile

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.