Bank of New York Mellon Corp Has $8.02 Million Stake in Talos Energy Inc. (NYSE:TALO)

Bank of New York Mellon Corp cut its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825,748 shares of the company's stock after selling 89,475 shares during the period. Bank of New York Mellon Corp owned about 0.46% of Talos Energy worth $8,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TALO. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the 3rd quarter worth approximately $31,000. US Bancorp DE lifted its stake in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after acquiring an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Talos Energy in the third quarter valued at about $75,000. KBC Group NV increased its position in Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock worth $77,000 after purchasing an additional 2,515 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company's stock worth $106,000 after purchasing an additional 7,026 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Talos Energy Trading Up 3.1 %

Shares of Talos Energy stock traded up $0.28 during trading hours on Wednesday, hitting $9.18. The company's stock had a trading volume of 661,093 shares, compared to its average volume of 1,797,840. Talos Energy Inc. has a 12 month low of $8.05 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.65 billion, a PE ratio of 16.97 and a beta of 1.79. The stock has a 50 day moving average of $9.49 and a 200 day moving average of $10.20.

Talos Energy Company Profile

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.