State of New Jersey Common Pension Fund D Has $1.98 Million Stock Holdings in Talos Energy Inc. (NYSE:TALO)

State of New Jersey Common Pension Fund D cut its stake in shares of Talos Energy Inc. (NYSE:TALO) by 24.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,288 shares of the company’s stock after selling 51,844 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Talos Energy worth $1,984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TALO. Charles Schwab Investment Management Inc. raised its position in shares of Talos Energy by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,779 shares of the company’s stock worth $19,022,000 after purchasing an additional 114,506 shares during the period. BNP Paribas Financial Markets raised its position in shares of Talos Energy by 38.2% during the fourth quarter. BNP Paribas Financial Markets now owns 95,220 shares of the company’s stock worth $1,355,000 after purchasing an additional 26,302 shares during the period. Quadrant Capital Group LLC raised its position in shares of Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after purchasing an additional 1,731 shares during the period. Aigen Investment Management LP acquired a new position in Talos Energy during the fourth quarter valued at $317,000. Finally, Pinnacle Holdings LLC raised its position in Talos Energy by 5.3% during the fourth quarter. Pinnacle Holdings LLC now owns 116,739 shares of the company’s stock valued at $1,661,000 after buying an additional 5,879 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TALO has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. The Goldman Sachs Group initiated coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Mizuho initiated coverage on Talos Energy in a research report on Thursday. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Thursday, August 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $19.83.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $11.43 on Friday. The business’s 50-day moving average price is $11.43 and its two-hundred day moving average price is $12.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. Talos Energy Inc. has a one year low of $9.81 and a one year high of $17.09. The company has a market capitalization of $2.06 billion, a P/E ratio of 163.29 and a beta of 1.94.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. The business had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts anticipate that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 306,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the acquisition, the insider now owns 38,528,904 shares in the company, valued at approximately $443,082,396. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have purchased 1,769,000 shares of company stock valued at $19,270,130. Insiders own 0.77% of the company’s stock.

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.