Bank of New York Mellon Corp Reduces Stake in Talos Energy Inc. (NYSE:TALO)

Bank of New York Mellon Corp reduced its stake in Talos Energy Inc. (NYSE:TALO) by 9.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 825,748 shares of the company’s stock after selling 89,475 shares during the period. Bank of New York Mellon Corp’s holdings in Talos Energy were worth $8,018,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new position in shares of Talos Energy during the 3rd quarter worth $31,000. US Bancorp DE grew its holdings in shares of Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Talos Energy during the 3rd quarter worth $75,000. KBC Group NV grew its holdings in shares of Talos Energy by 46.1% during the 4th 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 grew its holdings 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 during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Price Performance

TALO opened at $8.58 on Friday. 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 market cap of $1.54 billion, a price-to-earnings ratio of 15.88 and a beta of 1.79. The stock’s 50-day moving average price is $9.54 and its 200 day moving average price is $10.25. Talos Energy Inc. has a 12-month low of $8.05 and a 12-month high of $14.67.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TALO shares. Citigroup lowered 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. Stephens lowered their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Mizuho decreased their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.56.

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.