Charles Schwab Investment Management Inc. Increases Stake in Talos Energy Inc. (NYSE:TALO)

Charles Schwab Investment Management Inc. boosted its stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100,185 shares of the company's stock after purchasing an additional 101,280 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.17% of Talos Energy worth $20,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Talos Energy by 21.9% during the third quarter. Barclays PLC now owns 1,173,765 shares of the company's stock valued at $12,149,000 after purchasing an additional 210,687 shares in the last quarter. PDT Partners LLC bought a new stake in Talos Energy during the third quarter valued at about $598,000. Verition Fund Management LLC boosted its position in Talos Energy by 250.2% during the third quarter. Verition Fund Management LLC now owns 94,395 shares of the company's stock valued at $977,000 after purchasing an additional 67,438 shares in the last quarter. Weiss Asset Management LP boosted its holdings in Talos Energy by 103.0% in the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company's stock worth $2,727,000 after acquiring an additional 133,714 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Talos Energy in the fourth quarter worth about $592,000. Institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of NYSE:TALO traded down $0.06 during trading on Friday, hitting $9.17. The stock had a trading volume of 3,130,657 shares, compared to its average volume of 1,906,400. Talos Energy Inc. has a 12-month low of $8.05 and a 12-month high of $14.67. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 16.97 and a beta of 1.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $9.43 and a two-hundred day simple moving average of $10.16.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on TALO shares. Stephens lowered their price target on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Mizuho lowered their price target on Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, Citigroup lowered their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and an average target price of $15.56.

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.