Texas Permanent School Fund Trims Stake in Talos Energy Inc. (NYSE:TALO)

Texas Permanent School Fund reduced its position in Talos Energy Inc. (NYSE:TALO – Get Rating) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,854 shares of the company’s stock after selling 3,046 shares during the period. Texas Permanent School Fund owned 0.05% of Talos Energy worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Talos Energy by 37.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,756 shares of the company’s stock valued at $29,000 after purchasing an additional 480 shares during the last quarter. US Bancorp DE raised its stake in Talos Energy by 39.2% during the 1st quarter. US Bancorp DE now owns 2,811 shares of the company’s stock valued at $44,000 after acquiring an additional 791 shares during the last quarter. Captrust Financial Advisors raised its stake in Talos Energy by 85.6% during the 1st quarter. Captrust Financial Advisors now owns 3,360 shares of the company’s stock valued at $53,000 after acquiring an additional 1,550 shares during the last quarter. KBC Group NV raised its stake in Talos Energy by 42.6% during the 3rd quarter. KBC Group NV now owns 5,273 shares of the company’s stock valued at $88,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Talos Energy by 291.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,915 shares of the company’s stock valued at $107,000 after acquiring an additional 5,148 shares during the last quarter. 96.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on TALO. Stifel Nicolaus upped their price objective on Talos Energy from $22.00 to $24.00 in a research note on Thursday, April 27th. KeyCorp upped their price objective on Talos Energy from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, April 21st. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Talos Energy in a research note on Friday, March 24th. Roth Capital reaffirmed a “buy” rating on shares of Talos Energy in a research note on Tuesday, February 28th. Finally, Stephens started coverage on Talos Energy in a research note on Monday, April 24th. They set an “overweight” rating and a $21.00 target price for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $25.80.

Talos Energy Stock Performance

Shares of TALO stock opened at $11.90 on Tuesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 1.92 and a beta of 2.21. The stock has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $17.33. Talos Energy Inc. has a 12-month low of $10.69 and a 12-month high of $25.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.50.

Talos Energy (NYSE:TALO – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.42). The firm had revenue of $342.20 million during the quarter, compared to analyst estimates of $350.00 million. Talos Energy had a return on equity of 15.20% and a net margin of 34.48%. On average, equities analysts forecast that Talos Energy Inc. will post 2.13 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Bcc Enven Investments (S), L.P sold 363,804 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $14.50, for a total value of $5,275,158.00. Following the sale, the insider now owns 15,145,377 shares in the company, valued at approximately $219,607,966.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

Talos Energy Profile

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Talos Energy, Inc operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A.