Geode Capital Management LLC Has $29.90 Million Stock Position in Talos Energy Inc. (NYSE:TALO)

Geode Capital Management LLC decreased its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,078,160 shares of the company's stock after selling 90,534 shares during the period. Geode Capital Management LLC owned about 1.71% of Talos Energy worth $29,896,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Talos Energy by 21.9% in the 3rd 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. SG Americas Securities LLC acquired a new stake in Talos Energy in the fourth quarter valued at about $592,000. Principal Financial Group Inc. grew its position in Talos Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company's stock valued at $5,858,000 after acquiring an additional 15,686 shares during the last quarter. Empowered Funds LLC grew its position in Talos Energy by 4.1% in the fourth quarter. Empowered Funds LLC now owns 1,077,677 shares of the company's stock valued at $10,464,000 after acquiring an additional 42,606 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Talos Energy by 16.1% during the fourth quarter. New York State Teachers Retirement System now owns 45,647 shares of the company's stock worth $443,000 after acquiring an additional 6,335 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Trading Up 2.6 %

Shares of Talos Energy stock traded up $0.19 during midday trading on Tuesday, reaching $7.34. The company had a trading volume of 1,425,458 shares, compared to its average volume of 2,036,287. The stock has a fifty day moving average price of $8.40 and a 200 day moving average price of $9.67. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $14.07. The firm has a market cap of $1.32 billion, a PE ratio of 13.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. KeyCorp decreased their price target on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday. Mizuho decreased their target price on shares of Talos Energy from $15.00 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Citigroup cut their price objective on Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Stephens dropped their target price on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Talos Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.89.

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.