Tellurian Inc. (NYSEAMERICAN:TELL) Shares Bought by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lifted its stake in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 256.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 138,426 shares of the oil and gas producer’s stock after buying an additional 99,626 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Tellurian were worth $105,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Tellurian by 4.5% in the third quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock valued at $49,828,000 after buying an additional 1,844,374 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Tellurian by 31.5% in the fourth quarter. SG Americas Securities LLC now owns 306,395 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 73,428 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Tellurian by 70.8% in the third quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 17,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tellurian by 12.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,362,138 shares of the oil and gas producer’s stock worth $5,060,000 after purchasing an additional 495,864 shares in the last quarter. Finally, ORG Partners LLC acquired a new stake in Tellurian during the fourth quarter worth approximately $50,000. 48.87% of the stock is currently owned by hedge funds and other institutional investors.

Tellurian Stock Performance

Shares of TELL opened at $0.44 on Tuesday. The business’s 50 day simple moving average is $0.74. Tellurian Inc. has a 12-month low of $0.36 and a 12-month high of $1.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.66 and a current ratio of 0.66.

Tellurian (NYSEAMERICAN:TELL) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Tellurian had a negative return on equity of 25.62% and a negative net margin of 129.88%. The company had revenue of $25.47 million for the quarter, compared to analyst estimates of $34.19 million. As a group, analysts expect that Tellurian Inc. will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped their target price on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th.

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.