Tellurian Inc. (NYSEAMERICAN:TELL – Get Free Report)’s share price traded down 2.7% during trading on Wednesday . The company traded as low as $0.90 and last traded at $0.90. 4,591,307 shares were traded during mid-day trading, a decline of 88% from the average session volume of 39,901,602 shares. The stock had previously closed at $0.93.
Analyst Ratings Changes
Separately, B. Riley reiterated a “neutral” rating and issued a $1.00 price objective (down previously from $2.50) on shares of Tellurian in a research report on Monday, July 22nd.
Read Our Latest Analysis on Tellurian
Tellurian Price Performance
Insider Buying and Selling
In other Tellurian news, Director Diana Derycz Kessler sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $0.95, for a total transaction of $950,000.00. Following the completion of the sale, the director now owns 1,050,000 shares of the company’s stock, valued at $997,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Tellurian
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TELL. Payden & Rygel Investment Group acquired a new stake in Tellurian in the first quarter worth about $26,000. Arkadios Wealth Advisors acquired a new position in shares of Tellurian in the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC boosted its position in shares of Tellurian by 66.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 53,788 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 21,518 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of 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 worth $42,000 after purchasing an additional 28,236 shares during the period. Finally, Algert Global LLC bought a new stake in Tellurian in the second quarter valued at about $49,000. 48.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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