KCG Holdings Inc. Invests $332,000 in Magellan Petroleum Corporation (TELL)

KCG Holdings Inc. purchased a new position in Magellan Petroleum Corporation (NASDAQ:TELL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,332 shares of the oil and gas producer’s stock, valued at approximately $332,000.

Several other large investors have also bought and sold shares of the company. UBS Group AG acquired a new stake in Magellan Petroleum Corporation during the first quarter worth $105,000. Fifth Third Bancorp purchased a new stake in shares of Magellan Petroleum Corporation during the first quarter valued at approximately $141,000. Segantii Capital Management Ltd purchased a new stake in shares of Magellan Petroleum Corporation during the first quarter valued at approximately $164,000. Menta Capital LLC purchased a new stake in shares of Magellan Petroleum Corporation during the first quarter valued at approximately $241,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Magellan Petroleum Corporation during the first quarter valued at approximately $379,000. 6.62% of the stock is owned by institutional investors and hedge funds.

Shares of Magellan Petroleum Corporation (TELL) traded up 0.57% during midday trading on Wednesday, reaching $8.78. 315,833 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $9.35 and a 200-day moving average price of $11.12. Magellan Petroleum Corporation has a 52-week low of $4.70 and a 52-week high of $21.74. The stock’s market cap is $1.78 billion.

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About Magellan Petroleum Corporation

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.

Institutional Ownership by Quarter for Magellan Petroleum Corporation (NASDAQ:TELL)

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