Charles Schwab Investment Management Inc. Buys 230,119 Shares of Talos Energy Inc. $TALO

Charles Schwab Investment Management Inc. raised its position in shares of Talos Energy Inc. (NYSE:TALO) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,330,304 shares of the company’s stock after buying an additional 230,119 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.31% of Talos Energy worth $22,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Talos Energy by 1.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company’s stock valued at $800,000 after buying an additional 1,403 shares during the period. Aquatic Capital Management LLC lifted its position in Talos Energy by 2.9% during the fourth quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company’s stock valued at $589,000 after buying an additional 1,696 shares during the period. MetLife Investment Management LLC lifted its position in Talos Energy by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 87,672 shares of the company’s stock valued at $851,000 after buying an additional 2,167 shares during the period. GAMMA Investing LLC lifted its position in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock valued at $31,000 after buying an additional 2,501 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Talos Energy by 19.4% during the fourth quarter. Hsbc Holdings PLC now owns 22,362 shares of the company’s stock valued at $219,000 after buying an additional 3,637 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They set an “overweight” rating and a $14.00 price objective for the company. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, Mizuho lowered their price target on Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Talos Energy Price Performance

NYSE TALO opened at $8.6950 on Friday. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71. The stock has a 50-day moving average of $8.59 and a 200 day moving average of $8.41. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -8.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same period last year, the company earned $0.03 EPS. Talos Energy’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, sell-side analysts forecast that Talos Energy Inc. will post -0.44 EPS for the current year.

About Talos Energy

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.