Talos Energy Inc. (NYSE:TALO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 793,149 shares of the company's stock after selling 32,599 shares during the period. Bank of New York Mellon Corp owned 0.44% of Talos Energy worth $7,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Talos Energy by 2.7% in the first quarter. Principal Financial Group Inc. now owns 619,800 shares of the company's stock worth $6,024,000 after buying an additional 16,463 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Talos Energy during the first quarter worth $192,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Talos Energy during the first quarter worth $98,000. Inscription Capital LLC purchased a new position in shares of Talos Energy during the first quarter worth $195,000. Finally, SG Americas Securities LLC raised its holdings in shares of Talos Energy by 11.0% during the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock worth $658,000 after purchasing an additional 6,689 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TALO. Capital One Financial began coverage on shares of Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price for the company. KeyCorp cut their price objective on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Mizuho dropped their target price on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Talos Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Talos Energy Stock Down 0.9%

Shares of NYSE TALO traded down $0.08 during mid-day trading on Friday, reaching $8.80. The company had a trading volume of 3,515,819 shares, compared to its average volume of 2,557,011. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $8.67. The stock has a market cap of $1.56 billion, a P/E ratio of 58.69 and a beta of 0.71. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71.

Talos Energy Company 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.