Parallel Advisors LLC Has $52,000 Stock Position in Talos Energy Inc. (NYSE:TALO)

Parallel Advisors LLC grew its stake in shares of Talos Energy Inc. (NYSE:TALO) by 2,601.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,321 shares of the company’s stock after purchasing an additional 5,124 shares during the quarter. Parallel Advisors LLC’s holdings in Talos Energy were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TALO. Ameriprise Financial Inc. increased its holdings in shares of Talos Energy by 318.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock worth $19,106,000 after acquiring an additional 1,497,472 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after acquiring an additional 763,631 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Talos Energy by 1,229.2% during the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock worth $7,699,000 after acquiring an additional 732,904 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock worth $42,991,000 after acquiring an additional 575,096 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Talos Energy during the 4th quarter worth approximately $3,863,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. KeyCorp decreased their target price on Talos Energy from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Mizuho decreased 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. Finally, Citigroup decreased their price objective on Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $8.02 on Monday. 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 stock’s fifty day moving average price is $7.66 and its two-hundred day moving average price is $8.99. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 14.85 and a beta of 0.69.

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.