Verition Fund Management LLC Purchases New Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

Verition Fund Management LLC purchased a new stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 400,000 shares of the oil and gas producer’s stock, valued at approximately $387,000.

Other large investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Tellurian by 83.1% during the third 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 valued at $35,000 after buying an additional 16,218 shares during the period. Sanctuary Advisors LLC acquired a new position in Tellurian during the second quarter valued at $37,000. Arkadios Wealth Advisors acquired a new position in Tellurian during the second quarter valued at $38,000. OLD National Bancorp IN acquired a new position in Tellurian during the third quarter valued at $39,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in Tellurian by 88.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 60,204 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 28,236 shares during the period. 48.87% of the stock is owned by institutional investors and hedge funds.

Tellurian Trading Up 0.2 %

NYSEAMERICAN:TELL opened at $1.00 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. Tellurian Inc. has a 1-year low of $0.36 and a 1-year high of $1.07. The company’s fifty day simple moving average is $0.74. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

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.