Talos Energy Inc. (NYSE:TALO) Stock Position Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in Talos Energy Inc. (NYSE:TALO) by 19.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,474 shares of the company’s stock after selling 11,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Talos Energy were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Talos Energy by 360.9% during the 1st 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 last quarter. Sterling Capital Management LLC increased its stake 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 worth $44,000 after purchasing an additional 4,053 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Talos Energy by 2,601.0% during the 1st 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. acquired a new position in shares of Talos Energy during the 1st quarter worth $98,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Talos Energy during the 1st quarter worth $111,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Down 0.9%

Shares of NYSE TALO opened at $8.80 on Friday. The stock has a market cap of $1.56 billion, a P/E ratio of 58.69 and a beta of 0.71. The firm has a 50 day moving average price of $8.57 and a 200 day moving average price of $8.68. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.05. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TALO shares. Capital One Financial started coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an “overweight” rating and a $14.00 target price on the stock. KeyCorp lowered their target price on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, Mizuho lowered their target price on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

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.