Talos Energy Inc. (NYSE:TALO) Shares Sold by Bain Capital Credit LP

Bain Capital Credit LP reduced its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,932,891 shares of the company's stock after selling 739,060 shares during the period. Talos Energy comprises about 30.0% of Bain Capital Credit LP's investment portfolio, making the stock its 2nd biggest position. Bain Capital Credit LP owned 7.74% of Talos Energy worth $135,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Talos Energy by 21.9% during the third quarter. Barclays PLC now owns 1,173,765 shares of the company's stock worth $12,149,000 after buying an additional 210,687 shares in the last quarter. SG Americas Securities LLC bought a new position in Talos Energy in the 4th quarter valued at $592,000. Principal Financial Group Inc. boosted its stake in Talos Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company's stock worth $5,858,000 after purchasing an additional 15,686 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Talos Energy by 4.1% during the fourth quarter. Empowered Funds LLC now owns 1,077,677 shares of the company's stock worth $10,464,000 after purchasing an additional 42,606 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Talos Energy by 16.1% in the fourth quarter. New York State Teachers Retirement System now owns 45,647 shares of the company's stock valued at $443,000 after buying an additional 6,335 shares in the last quarter. Institutional investors own 89.35% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TALO. Stephens lowered their price objective on shares of Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Mizuho lowered their target price on Talos Energy from $15.00 to $12.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Citigroup cut their price target 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. Finally, KeyCorp lowered their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.38.

Talos Energy Trading Up 0.6 %

NYSE:TALO traded up $0.05 during mid-day trading on Friday, hitting $8.06. The company had a trading volume of 1,727,377 shares, compared to its average volume of 2,056,616. 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 fifty-two week low of $6.23 and a fifty-two week high of $13.10. The firm has a market cap of $1.44 billion, a P/E ratio of 14.93 and a beta of 0.65. The business's fifty day moving average is $7.99 and its two-hundred day moving average is $9.42.

Talos Energy Company 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.