State Street Corp Has $22 Million Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

State Street Corp raised its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 46.9% in the third quarter, Holdings Channel reports. The fund owned 22,729,853 shares of the oil and gas producer’s stock after buying an additional 7,254,477 shares during the quarter. State Street Corp’s holdings in Tellurian were worth $22,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in TELL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Tellurian by 83.1% in 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 acquiring an additional 16,218 shares during the period. Sanctuary Advisors LLC acquired a new position in Tellurian during the 2nd quarter valued at $37,000. Arkadios Wealth Advisors bought a new stake in Tellurian in the 2nd quarter valued at $38,000. OLD National Bancorp IN acquired a new stake in Tellurian in the 3rd quarter worth $39,000. Finally, 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 purchasing an additional 28,236 shares during the period. 48.87% of the stock is owned by institutional investors and hedge funds.

Tellurian Stock Performance

Shares of TELL opened at $1.00 on Monday. Tellurian Inc. has a 52 week low of $0.36 and a 52 week high of $1.07. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56. The company’s 50-day moving average is $0.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27.

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.