Talos Energy Inc. (NYSE:TALO) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,249 shares of the company’s stock after purchasing an additional 3,961 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Talos Energy worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Natixis acquired a new stake in Talos Energy during the 1st quarter worth approximately $768,000. Vanguard Group Inc. raised its stake in shares of Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after acquiring an additional 1,873,537 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Talos Energy by 37.5% in the second 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 period. Encompass Capital Advisors LLC acquired a new position in Talos Energy during the 2nd quarter worth $18,832,000. Finally, HITE Hedge Asset Management LLC increased its holdings in 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 purchasing an additional 1,116,241 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Trading Up 1.2 %

TALO opened at $11.41 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 21.13 and a beta of 1.92. Talos Energy Inc. has a 52 week low of $9.44 and a 52 week high of $14.80. The business’s 50 day moving average is $10.80 and its two-hundred day moving average is $11.30. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million during 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%. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. On average, research analysts predict that Talos Energy Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TALO shares. BMO Capital Markets decreased their price objective 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. Citigroup raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group began coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Finally, Mizuho initiated coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Activity

In related news, insider Control Empresarial De Capital bought 547,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the acquisition, the insider now owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. This trade represents a 1.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 1,220,000 shares of company stock valued at $13,135,560. 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.