Talos Energy Inc. (NYSE:TALO) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 79.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,854 shares of the company's stock after selling 366,352 shares during the quarter. Bank of America Corp DE owned about 0.05% of Talos Energy worth $911,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sterling Capital Management LLC increased its stake in Talos Energy by 787.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock worth $44,000 after acquiring an additional 4,053 shares during the last quarter. KBC Group NV increased its stake in Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock worth $77,000 after acquiring an additional 2,515 shares during the last quarter. Mariner LLC acquired a new stake in Talos Energy during the fourth quarter worth about $126,000. Cibc World Markets Corp acquired a new stake in Talos Energy during the fourth quarter worth about $132,000. Finally, Marshall Wace LLP acquired a new stake in Talos Energy during the fourth quarter worth about $164,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TALO shares. Citigroup dropped their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Mizuho dropped their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, KeyCorp decreased their target price on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $14.25.

Talos Energy Stock Up 3.2%

Shares of NYSE TALO traded up $0.28 on Wednesday, hitting $9.04. The company had a trading volume of 3,329,318 shares, compared to its average volume of 2,121,751. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $12.71. The business has a 50 day moving average of $7.69 and a two-hundred day moving average of $8.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.60 billion, a P/E ratio of 16.74 and a beta of 0.69.

Talos Energy Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.