Talos Energy Inc. (NYSE:TALO) Stock Position Boosted by Sourcerock Group LLC

Sourcerock Group LLC boosted its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,550,772 shares of the company's stock after purchasing an additional 331,109 shares during the quarter. Talos Energy makes up 6.6% of Sourcerock Group LLC's portfolio, making the stock its 4th biggest holding. Sourcerock Group LLC owned 5.31% of Talos Energy worth $92,738,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TALO. Sterling Capital Management LLC lifted its position in shares of Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after acquiring an additional 4,053 shares in the last quarter. KBC Group NV lifted its position 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 acquiring an additional 2,515 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Talos Energy by 182.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company's stock valued at $106,000 after acquiring an additional 7,026 shares in the last quarter. Mariner LLC purchased a new stake in shares of Talos Energy in the fourth quarter valued at $126,000. Finally, Gotham Asset Management LLC purchased a new stake in Talos Energy in the 4th quarter worth approximately $127,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Trading Up 0.2%

TALO stock traded up $0.02 during trading on Friday, reaching $7.95. 1,447,392 shares of the stock traded hands, compared to its average volume of 2,057,678. The business's 50 day moving average price is $7.92 and its 200-day moving average price is $9.27. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.42 billion, a PE ratio of 14.71 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several analysts have commented on TALO shares. Mizuho lowered their target price on shares of 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. lowered their target price on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. KeyCorp lowered their target price 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. Stephens lowered their target price on shares of Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup cut their price objective on shares of Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

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.