Talos Energy Inc. (NYSE:TALO) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Talos Energy Inc. (NYSE:TALO) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,337 shares of the company’s stock after purchasing an additional 15,686 shares during the period. Principal Financial Group Inc. owned about 0.34% of Talos Energy worth $5,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtus Investment Advisers Inc. acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $31,000. US Bancorp DE grew its holdings in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Talos Energy during the third quarter worth $75,000. KBC Group NV increased 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 worth $77,000 after buying an additional 2,515 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Talos Energy by 182.1% in 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. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Performance

NYSE TALO opened at $9.00 on Monday. Talos Energy Inc. has a 1-year low of $8.48 and a 1-year high of $14.67. The business’s 50-day simple moving average is $9.75 and its 200-day simple moving average is $10.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.62 billion, a P/E ratio of 16.67 and a beta of 1.89.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TALO shares. Stephens decreased their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Citigroup boosted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Finally, Mizuho lowered their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.83.

About Talos Energy

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.