Sourcerock Group LLC Boosts Stake in Talos Energy Inc. (NYSE:TALO)

Sourcerock Group LLC boosted its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,550,772 shares of the company's stock after purchasing an additional 331,109 shares during the period. Talos Energy comprises 6.6% of Sourcerock Group LLC's investment portfolio, making the stock its 4th largest position. Sourcerock Group LLC owned 5.31% of Talos Energy worth $92,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Talos Energy by 318.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after purchasing an additional 1,497,472 shares during the period. Dimensional Fund Advisors LP grew its stake in Talos Energy by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock worth $74,964,000 after purchasing an additional 763,631 shares during the period. Janus Henderson Group PLC grew its stake in Talos Energy by 1,229.2% in the fourth quarter. Janus Henderson Group PLC now owns 792,528 shares of the company's stock worth $7,699,000 after purchasing an additional 732,904 shares during the period. American Century Companies Inc. grew its stake in Talos Energy by 14.9% in the fourth quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock worth $42,991,000 after purchasing an additional 575,096 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Talos Energy in the fourth quarter worth $3,863,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Performance

Shares of NYSE:TALO traded down $0.02 during midday trading on Thursday, reaching $7.92. 1,587,778 shares of the company's stock traded hands, compared to its average volume of 2,061,945. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 14.67 and a beta of 0.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $9.31.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TALO. Stephens cut their target price on Talos Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. KeyCorp cut their target price on Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Mizuho cut their target price on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Finally, Citigroup cut their target price on Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Talos Energy presently has an average rating of "Moderate Buy" and a consensus price target 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.