Legal & General Group Plc Acquires New Holdings in Tamboran Resources Corporation $TBN

Posted by Francis Steltz on Sep 9th, 2026

Legal & General Group Plc acquired a new position in Tamboran Resources Corporation (NYSE:TBN – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,642 shares of the company’s stock, valued at approximately $509,000. Legal & General Group Plc owned approximately 0.06% of Tamboran Resources as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Tamboran Resources by 66.7% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $31,000 after acquiring an additional 600 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Tamboran Resources in the 2nd quarter worth $39,000. Deutsche Bank AG purchased a new stake in shares of Tamboran Resources during the 2nd quarter worth $42,000. Avalon Trust Co bought a new stake in Tamboran Resources during the second quarter valued at about $44,000. Finally, State of Wyoming bought a new stake in Tamboran Resources during the second quarter valued at about $99,000.

Tamboran Resources Stock Performance

Shares of TBN stock opened at $40.22 on Wednesday. The business’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $34.82. The company has a market cap of $1.14 billion, a PE ratio of -21.51 and a beta of -2.03. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.10. Tamboran Resources Corporation has a 12-month low of $19.55 and a 12-month high of $52.21.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TBN shares. Roth Capital started coverage on Tamboran Resources in a research note on Thursday, May 21st. They issued a “buy” rating and a $47.00 target price on the stock. Zacks Research lowered shares of Tamboran Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Tamboran Resources in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.50.

Check Out Our Latest Analysis on TBN

Tamboran Resources Company Profile

(Free Report)

Tamboran Resources is an independent energy company focused on the exploration and development of unconventional natural gas resources. Headquartered in Canada and listed on the New York Stock Exchange under the ticker TBN, the company concentrates its activities on onshore basins in Australia. Tamboran’s primary objective is to advance its exploration acreage toward commercial viability by leveraging modern drilling and reservoir evaluation techniques.

The company holds exploration licenses in the Beetaloo Basin in the Northern Territory of Australia, where it is conducting appraisal drilling programs to define reservoir characteristics and recoverability.