Principal Financial Group Inc. Sells 182,674 Shares of Talos Energy Inc. (NYSE:TALO)

Principal Financial Group Inc. reduced its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,651 shares of the company's stock after selling 182,674 shares during the quarter. Principal Financial Group Inc. owned 0.33% of Talos Energy worth $6,082,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its stake in Talos Energy by 37.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company's stock valued at $10,696,000 after purchasing an additional 239,996 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy in the second quarter valued at approximately $18,832,000. Barclays PLC lifted its holdings in Talos Energy by 21.9% during 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 during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock worth $30,939,000 after buying an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Talos Energy by 1,557.7% in the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock valued at $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of NYSE TALO traded up $0.36 during trading on Thursday, reaching $10.07. 2,377,577 shares of the stock traded hands, compared to its average volume of 2,073,405. The company has a 50-day moving average of $10.51 and a 200-day moving average of $10.98. Talos Energy Inc. has a 52-week low of $8.89 and a 52-week high of $14.77. 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 stock has a market capitalization of $1.81 billion, a P/E ratio of 18.65 and a beta of 1.92.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $0.14 EPS. Analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. KeyCorp dropped their price target on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Citigroup boosted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a report on Thursday, November 14th. Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho reduced their price objective 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. Finally, BMO Capital Markets reduced their target price on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.28.

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.