Oddo BHF Asset Management Sas Takes $23.02 Million Position in Tellurian Inc. (NYSEAMERICAN:TELL)

Oddo BHF Asset Management Sas acquired a new stake in Tellurian Inc. (NYSEAMERICAN:TELL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 23,783,633 shares of the oil and gas producer’s stock, valued at approximately $23,023,000. Tellurian comprises 1.1% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also recently bought and sold shares of the business. Paulson & CO. Inc. boosted its holdings in Tellurian by 461.7% during the third quarter. Paulson & CO. Inc. now owns 30,000,000 shares of the oil and gas producer’s stock valued at $29,040,000 after acquiring an additional 24,659,337 shares during the period. State Street Corp lifted its position in shares of Tellurian by 46.9% during the 3rd quarter. State Street Corp now owns 22,729,853 shares of the oil and gas producer’s stock worth $22,002,000 after purchasing an additional 7,254,477 shares during the last quarter. Millennium Management LLC boosted its stake in 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 valued at $10,274,000 after purchasing an additional 9,430,606 shares during the period. Barclays PLC grew its holdings in Tellurian by 36.1% in the 3rd quarter. Barclays PLC now owns 10,226,856 shares of the oil and gas producer’s stock valued at $9,899,000 after buying an additional 2,714,339 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Tellurian by 15.2% in the 3rd quarter. Geode Capital Management LLC now owns 9,741,164 shares of the oil and gas producer’s stock worth $9,433,000 after buying an additional 1,283,160 shares during the period. 48.87% of the stock is currently owned by institutional investors.

Tellurian Trading Up 0.2 %

TELL opened at $1.00 on Friday. The company has a 50 day simple moving average of $0.74. The company has a market capitalization of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. 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.

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.