IPG Investment Advisors LLC Has $340,000 Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Key Points

• IPG Investment Advisors LLC has significantly decreased its stake in Talos Energy by 56.3%, now holding 35,000 shares valued at approximately $340,000.
• Despite the reduction in holdings by some investors, institutional ownership remains high at 89.35%, with firms like Trexquant Investment LP and Renaissance Technologies LLC increasing their positions in Talos Energy.
• Analysts have set a consensus rating of "Moderate Buy" for Talos Energy, with a target price averaging around $14.25, despite some recent downgrades in target prices by other brokerages.

IPG Investment Advisors LLC trimmed its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 56.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,000 shares of the company's stock after selling 45,000 shares during the quarter. IPG Investment Advisors LLC's holdings in Talos Energy were worth $340,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Talos Energy during the fourth quarter worth $326,000. Trexquant Investment LP bought a new position in Talos Energy during the 4th quarter worth about $3,863,000. Wells Fargo & Company MN raised its stake in shares of Talos Energy by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 86,241 shares of the company's stock valued at $837,000 after purchasing an additional 17,100 shares during the period. Invesco Ltd. lifted its holdings in shares of Talos Energy by 2.7% in the fourth quarter. Invesco Ltd. now owns 1,121,556 shares of the company's stock valued at $10,890,000 after purchasing an additional 29,708 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Talos Energy by 28.2% during the fourth quarter. Renaissance Technologies LLC now owns 201,500 shares of the company's stock worth $1,957,000 after buying an additional 44,315 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Talos Energy Stock Performance

Shares of NYSE TALO opened at $7.94 on Monday. 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 company has a market capitalization of $1.41 billion, a P/E ratio of 52.94 and a beta of 0.81. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The stock has a 50 day moving average of $8.64 and a 200-day moving average of $8.59.

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.

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