Mackay Shields LLC bought a new position in shares of Talos Energy Inc (NYSE:TALO) during the second quarter, HoldingsChannel reports. The firm bought 3,986,734 shares of the company’s stock, valued at approximately $128,094,000. Talos Energy makes up approximately 0.9% of Mackay Shields LLC’s holdings, making the stock its 12th largest holding. Mackay Shields LLC owned 0.20% of Talos Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TALO. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $903,000. Sei Investments Co. acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $895,000. Finally, Rhumbline Advisers acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $669,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd.

Shares of TALO opened at $33.95 on Friday. Talos Energy Inc has a twelve month low of $30.60 and a twelve month high of $37.64. The firm has a market capitalization of $705.57 million, a PE ratio of 141.12 and a beta of 1.45. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.72.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Monday, August 6th. The company reported ($0.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($1.45). Talos Energy had a negative net margin of 8.65% and a negative return on equity of 7.69%. The firm had revenue of $203.91 million during the quarter. equities analysts expect that Talos Energy Inc will post 3.61 EPS for the current year.

About Talos Energy

Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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