Adage Capital Partners GP L.L.C. Buys 322,500 Shares of Talos Energy Inc. (NYSE:TALO)

Adage Capital Partners GP L.L.C. raised its stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 65.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 812,348 shares of the company's stock after purchasing an additional 322,500 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.45% of Talos Energy worth $7,888,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its position in Talos Energy by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company's stock valued at $851,000 after acquiring an additional 2,167 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Talos Energy by 2.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company's stock valued at $1,086,000 after buying an additional 2,192 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Talos Energy by 4.1% in the 4th quarter. New York State Common Retirement Fund now owns 56,474 shares of the company's stock worth $548,000 after buying an additional 2,200 shares in the last quarter. KBC Group NV lifted its position in Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock valued at $77,000 after purchasing an additional 2,515 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Talos Energy by 19.4% in the fourth quarter. Hsbc Holdings PLC now owns 22,362 shares of the company's stock worth $219,000 after purchasing an additional 3,637 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TALO shares. KeyCorp dropped their price target 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 price target on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note 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 on the stock in a research note on Tuesday, March 4th. Stephens cut 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 report on Wednesday, February 5th. Finally, Mizuho decreased their price target on shares of Talos Energy from $15.00 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $14.38.

Talos Energy Price Performance

TALO traded up $0.26 during trading on Thursday, reaching $7.14. 1,723,275 shares of the company traded hands, compared to its average volume of 2,040,476. The company has a market cap of $1.27 billion, a P/E ratio of 13.21 and a beta of 1.33. 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 12-month low of $6.23 and a 12-month high of $13.57. The firm has a fifty day simple moving average of $8.12 and a 200 day simple moving average of $9.50.

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.