South Dakota Investment Council Grows Stock Position in Talos Energy Inc. (NYSE:TALO)

South Dakota Investment Council increased its holdings in Talos Energy Inc. (NYSE:TALO) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 573,043 shares of the company’s stock after buying an additional 25,100 shares during the quarter. South Dakota Investment Council’s holdings in Talos Energy were worth $8,154,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Illinois Municipal Retirement Fund raised its stake in shares of Talos Energy by 8.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 67,650 shares of the company’s stock worth $963,000 after buying an additional 5,048 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Talos Energy by 36.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,534 shares of the company’s stock worth $449,000 after acquiring an additional 8,386 shares during the period. Louisiana State Employees Retirement System purchased a new position in Talos Energy during the fourth quarter valued at approximately $716,000. Harbor Capital Advisors Inc. boosted its position in shares of Talos Energy by 17.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 48,199 shares of the company’s stock worth $686,000 after purchasing an additional 7,249 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Talos Energy by 67.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,343 shares of the company’s stock worth $581,000 after purchasing an additional 14,180 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the transaction, the insider now owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.98% of the company’s stock.

Talos Energy Stock Down 1.4 %

NYSE TALO traded down $0.19 during trading on Wednesday, reaching $13.56. 684,004 shares of the company’s stock traded hands, compared to its average volume of 2,039,359. Talos Energy Inc. has a 12-month low of $10.69 and a 12-month high of $17.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 8.48 and a beta of 2.01. The company’s 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $13.81.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The company had revenue of $384.96 million for the quarter, compared to analysts’ expectations of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. As a group, sell-side analysts forecast that Talos Energy Inc. will post -0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TALO shares. TheStreet downgraded shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday, April 12th. Stifel Nicolaus raised their target price on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp raised their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Stephens reiterated an “overweight” rating and issued a $26.00 target price on shares of Talos Energy in a research report on Monday. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.19.

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.