Geode Capital Management LLC Has $29.90 Million Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Geode Capital Management LLC lowered its stake in shares of Talos Energy Inc. (NYSE:TALO) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,078,160 shares of the company’s stock after selling 90,534 shares during the period. Geode Capital Management LLC owned 1.71% of Talos Energy worth $29,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TALO. American Century Companies Inc. raised its holdings in shares of Talos Energy by 14.9% in the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock valued at $42,991,000 after purchasing an additional 575,096 shares during the period. Thompson Siegel & Walmsley LLC increased its position in Talos Energy by 19.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,346,678 shares of the company’s stock worth $13,076,000 after buying an additional 216,921 shares during the last quarter. Barclays PLC raised its stake in Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after buying an additional 210,687 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Talos Energy by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock valued at $20,393,000 after buying an additional 101,280 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Talos Energy in the fourth quarter valued at approximately $592,000. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $7.07 on Thursday. The firm has a market cap of $1.27 billion, a PE ratio of 13.09 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $9.77. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $14.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stephens dropped their price target 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. Citigroup dropped 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 report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Mizuho lowered their price target on shares of Talos Energy from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has an average rating of “Moderate Buy” and an average target price of $15.33.

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.