IPG Investment Advisors LLC Has $777,000 Stock Holdings in Talos Energy Inc. (NYSE:TALO)

IPG Investment Advisors LLC decreased its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,000 shares of the company's stock after selling 120,000 shares during the quarter. IPG Investment Advisors LLC's holdings in Talos Energy were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy during the 3rd quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Talos Energy during the third quarter valued at approximately $75,000. KBC Group NV grew 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 valued at $77,000 after acquiring an additional 2,515 shares during the period. Nisa Investment Advisors LLC increased its position in shares of 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 in the last quarter. Finally, FMR LLC increased its holdings in shares of Talos Energy by 119.2% during the third quarter. FMR LLC now owns 10,395 shares of the company's stock worth $108,000 after buying an additional 5,653 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Talos Energy Trading Down 12.7 %

Talos Energy stock traded down $1.21 during midday trading on Thursday, hitting $8.35. 1,287,914 shares of the stock were exchanged, compared to its average volume of 1,976,992. The stock has a market capitalization of $1.50 billion, a PE ratio of 15.46 and a beta of 1.33. The company has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $10.09. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 52 week low of $8.05 and a 52 week high of $14.67.

Talos Energy 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.