Principal Financial Group Inc. Buys 16,463 Shares of Talos Energy Inc. (NYSE:TALO)

Principal Financial Group Inc. raised its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 619,800 shares of the company’s stock after buying an additional 16,463 shares during the quarter. Principal Financial Group Inc. owned about 0.35% of Talos Energy worth $6,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after purchasing an additional 4,053 shares in the last quarter. Parallel Advisors LLC boosted its position in Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock worth $52,000 after purchasing an additional 5,124 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Talos Energy in the first quarter worth about $98,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Talos Energy in the first quarter valued at about $111,000. 89.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TALO. Mizuho reduced their price target on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Capital One Financial began coverage on Talos Energy in a report on Monday, June 16th. They set an “overweight” rating and a $14.00 price objective for the company. Finally, KeyCorp reduced 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 report on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.22.

Talos Energy Trading Down 4.5%

Shares of Talos Energy stock opened at $8.19 on Thursday. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. The firm has a market capitalization of $1.45 billion, a PE ratio of 54.60 and a beta of 0.71. The firm’s 50-day moving average price is $8.54 and its 200 day moving average price is $8.74. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45.

Talos Energy 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.