Point72 Asia Singapore Pte. Ltd. Sells 570,126 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Point72 Asia Singapore Pte. Ltd. trimmed its stake in Tellurian Inc. (NYSEAMERICAN:TELL) by 63.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,504 shares of the oil and gas producer’s stock after selling 570,126 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Tellurian were worth $325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Paulson & CO. Inc. boosted its stake 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 worth $29,040,000 after buying an additional 24,659,337 shares in the last quarter. Millennium Management LLC boosted its position in shares of 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 in the last quarter. Alpine Associates Management Inc. bought a new stake in Tellurian in the third quarter valued at about $5,033,000. Vanguard Group Inc. raised its position in Tellurian by 12.5% in the first quarter. Vanguard Group Inc. now owns 37,380,931 shares of the oil and gas producer’s stock worth $24,724,000 after purchasing an additional 4,149,531 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Tellurian during the third quarter worth about $2,867,000. Institutional investors and hedge funds own 48.87% of the company’s stock.

Tellurian Price Performance

Tellurian stock opened at $1.00 on Wednesday. Tellurian Inc. has a 52-week low of $0.36 and a 52-week high of $1.07. 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 business’s fifty day moving average is $0.74. The firm has a market capitalization of $892.85 million, a price-to-earnings ratio of -3.33 and a beta of 2.56.

Tellurian Profile

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.