Wolverine Asset Management LLC Acquires New Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

Wolverine Asset Management LLC bought a new position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 165,797 shares of the oil and gas producer’s stock, valued at approximately $160,000.

A number of other institutional investors have also added to or reduced their stakes in TELL. Millennium Management LLC lifted its holdings in shares of Tellurian by 174.5% during the 2nd quarter. Millennium Management LLC now owns 14,833,537 shares of the oil and gas producer’s stock worth $10,274,000 after acquiring an additional 9,430,606 shares during the last quarter. Vanguard Group Inc. lifted its stake in Tellurian by 12.5% during the first quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock worth $24,724,000 after purchasing an additional 4,149,531 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Tellurian in the 3rd quarter worth about $1,996,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tellurian during the 2nd quarter valued at about $627,000. Finally, Virtu Financial LLC purchased a new position in shares of Tellurian during the 1st quarter valued at about $402,000. 48.87% of the stock is currently owned by institutional investors.

Tellurian Stock Up 0.2 %

NYSEAMERICAN:TELL opened at $1.00 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $0.73. The company has a market capitalization of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. Tellurian Inc. has a twelve month low of $0.36 and a twelve month high of $1.07.

Analysts Set New Price Targets

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

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.