Empowered Funds LLC Boosts Holdings in Talos Energy Inc. (NYSE:TALO)

Empowered Funds LLC raised its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,077,677 shares of the company's stock after buying an additional 42,606 shares during the period. Empowered Funds LLC owned approximately 0.60% of Talos Energy worth $10,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised 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 worth $12,149,000 after acquiring an additional 210,687 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Talos Energy during the 3rd quarter worth approximately $598,000. Verition Fund Management LLC lifted its stake in Talos Energy by 250.2% in the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company's stock valued at $977,000 after buying an additional 67,438 shares in the last quarter. Weiss Asset Management LP grew its holdings in Talos Energy by 103.0% during the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company's stock valued at $2,727,000 after buying an additional 133,714 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Talos Energy during the fourth quarter worth $592,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Trading Up 2.0 %

Shares of TALO traded up $0.19 during mid-day trading on Thursday, reaching $9.40. The company had a trading volume of 1,558,179 shares, compared to its average volume of 1,738,334. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 17.40 and a beta of 1.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $10.65. Talos Energy Inc. has a fifty-two week low of $8.89 and a fifty-two week high of $14.67.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million for the quarter, compared to analysts' expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy's revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. On average, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on TALO shares. Citigroup upped their price objective on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. Stephens reduced their target price on shares of Talos Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Mizuho decreased their price target on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price objective for the company. Finally, KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.83.

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.