Illinois Municipal Retirement Fund Acquires 5,048 Shares of Talos Energy Inc. (NYSE:TALO)

Illinois Municipal Retirement Fund boosted its position in shares of Talos Energy Inc. (NYSE:TALO) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 67,650 shares of the company’s stock after purchasing an additional 5,048 shares during the period. Illinois Municipal Retirement Fund’s holdings in Talos Energy were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TALO. Sourcerock Group LLC grew its stake in Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock valued at $103,160,000 after acquiring an additional 552,423 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Talos Energy by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock valued at $55,896,000 after acquiring an additional 500,000 shares in the last quarter. Zweig DiMenna Associates LLC grew its stake in Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock valued at $25,299,000 after acquiring an additional 329,275 shares in the last quarter. American Century Companies Inc. grew its stake in Talos Energy by 18.3% during the third quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock valued at $22,848,000 after acquiring an additional 215,065 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in Talos Energy by 24.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 793,633 shares of the company’s stock worth $13,047,000 after buying an additional 155,215 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 468,729 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the purchase, the insider now owns 35,216,510 shares in the company, valued at $449,714,832.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of Talos Energy in a research note on Friday, March 22nd. They issued a “buy” rating and a $16.50 price target for the company. Stifel Nicolaus boosted their price target on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Stephens reaffirmed an “overweight” rating and issued a $26.00 price objective on shares of Talos Energy in a research note on Monday, April 22nd. KeyCorp upped their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talos Energy has an average rating of “Buy” and a consensus price target of $21.19.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $13.94 on Monday. The firm’s 50-day moving average price is $13.46 and its 200-day moving average price is $13.77. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.56 billion, a PE ratio of 8.60 and a beta of 2.01. Talos Energy Inc. has a 52-week low of $10.69 and a 52-week high of $17.59.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. The business had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. As a group, analysts anticipate that Talos Energy Inc. will post -0.04 EPS for the current year.

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.