Millennium Management LLC lessened its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 88.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,023 shares of the company's stock after selling 1,193,429 shares during the period. Millennium Management LLC owned about 0.08% of Talos Energy worth $1,466,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in Talos Energy by 787.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock worth $44,000 after buying an additional 4,053 shares during the last quarter. KBC Group NV lifted its holdings in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock valued at $77,000 after buying an additional 2,515 shares during the period. Mariner LLC acquired a new stake in shares of Talos Energy in the fourth quarter valued at $126,000. Gotham Asset Management LLC acquired a new stake in shares of Talos Energy in the fourth quarter valued at $127,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Talos Energy in the fourth quarter valued at $132,000. Institutional investors and hedge funds own 89.35% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Mizuho cut their price objective on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Citigroup cut their price objective on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, KeyCorp reduced their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Talos Energy has a consensus rating of "Moderate Buy" and an average target price of $14.25.
View Our Latest Stock Analysis on TALO
Talos Energy Trading Up 1.8%
Shares of NYSE TALO traded up $0.14 during mid-day trading on Friday, hitting $8.02. 5,457,886 shares of the company traded hands, compared to its average volume of 2,079,045. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.85 and a beta of 0.69. 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 business has a 50 day moving average of $7.66 and a two-hundred day moving average of $9.02.
About Talos Energy
(
Free Report)
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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