Bryce Point Capital LLC Sells 183,144 Shares of Talos Energy Inc. (NYSE:TALO)

Key Points

• Bryce Point Capital LLC significantly reduced its stake in Talos Energy Inc., selling 183,144 shares and lowering its ownership by 91.7% during the first quarter.
• Institutional investors control 89.35% of Talos Energy's shares, and several companies like Ameriprise Financial Inc. and Janus Henderson Group PLC have increased their holdings by considerable margins.
• Recent analyst reports show varied ratings, with KeyCorp downgrading its price target from $16.00 to $12.00, while the average target price across analysts stands at $14.25.

Bryce Point Capital LLC lowered its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 91.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,504 shares of the company's stock after selling 183,144 shares during the quarter. Bryce Point Capital LLC's holdings in Talos Energy were worth $153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sourcerock Group LLC raised its stake in shares of Talos Energy by 3.6% during the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after acquiring an additional 331,109 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Talos Energy by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock worth $74,964,000 after buying an additional 763,631 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Talos Energy by 318.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after buying an additional 1,497,472 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Talos Energy by 3.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company's stock worth $18,248,000 after acquiring an additional 61,572 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Talos Energy by 31.3% in the 4th quarter. Barclays PLC now owns 1,541,088 shares of the company's stock worth $14,965,000 after acquiring an additional 367,323 shares in the last quarter. Institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of Talos Energy stock traded down $0.34 during trading hours on Thursday, reaching $8.51. The company had a trading volume of 699,411 shares, compared to its average volume of 2,239,758. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71. The business has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $8.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $1.51 billion, a PE ratio of 56.70 and a beta of 0.71.

Analysts Set New Price Targets

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

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.