Public Sector Pension Investment Board Acquires 181,443 Shares of Talos Energy Inc. $TALO

Public Sector Pension Investment Board boosted its position in shares of Talos Energy Inc. (NYSE:TALO) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,218 shares of the company’s stock after purchasing an additional 181,443 shares during the period. Public Sector Pension Investment Board owned about 0.34% of Talos Energy worth $5,766,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Talos Energy during the third quarter worth $3,635,000. SummerHaven Investment Management LLC purchased a new position in Talos Energy during the 3rd quarter worth $901,000. American Century Companies Inc. grew its stake in shares of Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock worth $45,033,000 after acquiring an additional 449,377 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Talos Energy by 7.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock worth $11,529,000 after acquiring an additional 97,901 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Talos Energy by 212.5% in the second quarter. Prudential Financial Inc. now owns 392,694 shares of the company’s stock valued at $3,330,000 after purchasing an additional 267,045 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

NYSE:TALO opened at $13.14 on Thursday. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $13.44. The stock has a fifty day moving average of $11.59 and a 200 day moving average of $10.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -6.54 and a beta of 0.58.

Analysts Set New Price Targets

TALO has been the topic of a number of recent analyst reports. KeyCorp lifted their price target on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Citigroup raised their target price on Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Mizuho boosted their price target on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.