First Trust Advisors LP Boosts Position in Talos Energy Inc. (NYSE:TALO)

First Trust Advisors LP lifted its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 61.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,430 shares of the company's stock after purchasing an additional 154,434 shares during the quarter. First Trust Advisors LP owned about 0.23% of Talos Energy worth $3,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after buying an additional 4,053 shares during the period. KBC Group NV grew its position in Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock worth $77,000 after acquiring an additional 2,515 shares during the period. Nisa Investment Advisors LLC increased its stake in Talos Energy by 182.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company's stock worth $106,000 after acquiring an additional 7,026 shares during the last quarter. Mariner LLC acquired a new position in shares of Talos Energy in the 4th quarter valued at $126,000. Finally, Cibc World Markets Corp purchased a new position in shares of Talos Energy during the 4th quarter worth $132,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

Shares of TALO opened at $7.32 on Friday. The stock has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $9.48. 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 1 year low of $6.23 and a 1 year high of $13.57. The stock has a market capitalization of $1.31 billion, a PE ratio of 13.56 and a beta of 1.33.

Wall Street Analyst Weigh In

A number of research firms have commented on TALO. JPMorgan Chase & Co. decreased their target price on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Citigroup lowered their price objective on shares of Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. 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 report on Wednesday, February 5th. Mizuho lowered their price target on Talos Energy from $15.00 to $12.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Finally, KeyCorp cut their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.38.

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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