Invesco Ltd. Acquires 29,708 Shares of Talos Energy Inc. (NYSE:TALO)

Invesco Ltd. boosted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,121,556 shares of the company’s stock after buying an additional 29,708 shares during the quarter. Invesco Ltd. owned approximately 0.62% of Talos Energy worth $10,890,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in Talos Energy by 14.9% in the fourth quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock valued at $42,991,000 after acquiring an additional 575,096 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Talos Energy in the 4th quarter worth approximately $3,863,000. Thompson Siegel & Walmsley LLC lifted its stake in Talos Energy by 19.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,346,678 shares of the company’s stock valued at $13,076,000 after purchasing an additional 216,921 shares during the last quarter. Barclays PLC grew its holdings in Talos Energy by 21.9% during the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares during the period. Finally, Bryce Point Capital LLC purchased a new stake in Talos Energy in the fourth quarter worth $1,939,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Stephens reduced 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 note on Wednesday, February 5th. Citigroup dropped their price target 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. KeyCorp cut their price objective on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Monday. Finally, Mizuho lowered their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $14.89.

Talos Energy Stock Performance

Shares of TALO opened at $7.34 on Wednesday. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $14.07. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.32 billion, a PE ratio of 13.58 and a beta of 1.33. The stock has a 50-day moving average price of $8.40 and a 200-day moving average price of $9.67.

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.