Charles Schwab Investment Management Inc. Increases Stake in Tellurian Inc. (NYSEAMERICAN:TELL)

Charles Schwab Investment Management Inc. boosted its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,289,747 shares of the oil and gas producer’s stock after purchasing an additional 521,603 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tellurian were worth $5,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Millennium Management LLC lifted 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 acquiring an additional 9,430,606 shares during the period. Alpine Associates Management Inc. bought a new position in Tellurian during the 3rd quarter valued at about $5,033,000. Olympiad Research LP bought a new position in Tellurian during the 3rd quarter valued at about $1,996,000. Foundations Investment Advisors LLC lifted its stake in Tellurian by 8.9% during the 2nd quarter. Foundations Investment Advisors LLC now owns 1,439,118 shares of the oil and gas producer’s stock valued at $997,000 after acquiring an additional 117,400 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Tellurian during the 2nd quarter valued at about $627,000. 48.87% of the stock is owned by hedge funds and other institutional investors.

Tellurian Stock Performance

TELL opened at $1.00 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $892.85 million, a PE ratio of -3.33 and a beta of 2.56. The company’s 50-day moving average is $0.74. Tellurian Inc. has a 52-week low of $0.36 and a 52-week 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.