286,006 Shares in Tellurian Inc (TELL) Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. acquired a new position in shares of Tellurian Inc (NASDAQ:TELL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 286,006 shares of the oil and gas producer’s stock, valued at approximately $3,352,000. Goldman Sachs Group Inc. owned approximately 0.14% of Tellurian as of its most recent SEC filing.

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A number of other hedge funds have also modified their holdings of the company. Geode Capital Management LLC bought a new stake in shares of Tellurian during the first quarter valued at approximately $4,565,000. North Star Investment Management Corp. acquired a new stake in Tellurian during the first quarter valued at about $3,047,000. Laurion Capital Management LP acquired a new stake in Tellurian during the first quarter valued at about $1,959,000. Morgan Stanley acquired a new stake in Tellurian during the first quarter valued at about $1,811,000. Finally, Usca Ria LLC purchased a new position in shares of Tellurian during the first quarter valued at approximately $766,000. 6.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tellurian Inc (TELL) traded down 0.11% on Thursday, hitting $8.77. The stock had a trading volume of 111,234 shares. Tellurian Inc has a 1-year low of $4.70 and a 1-year high of $21.74. The firm’s 50-day moving average is $9.33 and its 200 day moving average is $11.10. The stock’s market cap is $1.78 billion.

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About Tellurian

Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.