Millennium Management LLC Cuts Position in Talos Energy Inc. (NYSE:TALO)

Millennium Management LLC decreased its holdings in Talos Energy Inc. (NYSE:TALO) by 88.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 151,023 shares of the company’s stock after selling 1,193,429 shares during the period. Millennium Management LLC owned approximately 0.08% of Talos Energy worth $1,466,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TALO. Sterling Capital Management LLC raised its holdings in shares of Talos Energy by 787.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after buying an additional 4,053 shares during the period. KBC Group NV raised its stake in shares of Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares during the period. Mariner LLC purchased a new stake in shares of Talos Energy during the fourth quarter valued at approximately $126,000. Gotham Asset Management LLC purchased a new stake in shares of Talos Energy during the fourth quarter valued at approximately $127,000. Finally, Cibc World Markets Corp purchased a new stake in Talos Energy during the 4th quarter worth $132,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

TALO has been the topic of several analyst reports. Mizuho dropped their price objective on Talos Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. KeyCorp dropped their price target on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Citigroup dropped their target price on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Stephens lowered their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Talos Energy Price Performance

Shares of TALO opened at $8.43 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.49 billion, a PE ratio of 15.61 and a beta of 0.65. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. The firm’s 50 day moving average price is $7.75 and its 200 day moving average price is $9.07.

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.