Empowered Funds LLC Grows Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Empowered Funds LLC increased its position in Talos Energy Inc. (NYSE:TALO) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077,677 shares of the company’s stock after purchasing an additional 42,606 shares during the period. Empowered Funds LLC owned approximately 0.60% of Talos Energy worth $10,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Everence Capital Management Inc. grew its holdings in shares of Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after acquiring an additional 1,740 shares during the period. US Bancorp DE raised its holdings in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares during the period. Assenagon Asset Management S.A. raised its stake in Talos Energy by 2.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock valued at $1,086,000 after purchasing an additional 2,192 shares during the period. KBC Group NV raised its position in shares of Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after buying an additional 2,515 shares during the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in Talos Energy in the 3rd quarter worth $31,000. Institutional investors own 89.35% of the company’s stock.

Talos Energy Trading Down 0.8 %

Talos Energy stock opened at $9.23 on Monday. The stock has a market cap of $1.66 billion, a PE ratio of 17.09 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50-day moving average of $10.01 and a two-hundred day moving average of $10.69. Talos Energy Inc. has a one year low of $8.89 and a one year high of $14.67.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, research analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TALO shares. KeyCorp decreased their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Stephens dropped their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Mizuho cut their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Finally, Citigroup raised their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. 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 MarketBeat.com, Talos Energy has a consensus rating of “Moderate Buy” and an average target price of $15.83.

About Talos Energy

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.