Prudential Financial Inc. raised its holdings in shares of Talos Energy Inc (NYSE:TALO) by 109.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,415 shares of the company’s stock after purchasing an additional 114,026 shares during the period. Prudential Financial Inc. owned about 0.40% of Talos Energy worth $5,253,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Swiss National Bank increased its stake in Talos Energy by 2.0% during the second quarter. Swiss National Bank now owns 40,300 shares of the company’s stock valued at $969,000 after purchasing an additional 800 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Talos Energy by 12.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 19,281 shares of the company’s stock valued at $494,000 after acquiring an additional 2,075 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Talos Energy by 28.5% during the second quarter. Meeder Asset Management Inc. now owns 10,577 shares of the company’s stock valued at $254,000 after acquiring an additional 2,348 shares during the period. SG3 Management LLC acquired a new position in shares of Talos Energy during the first quarter valued at $64,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Talos Energy by 52,525.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,210 shares of the company’s stock valued at $112,000 after acquiring an additional 4,202 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

TALO stock traded up $0.19 during trading on Friday, hitting $21.80. The company had a trading volume of 1,027 shares, compared to its average volume of 201,657. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 8.21 and a beta of 1.69. The business has a 50 day moving average of $20.13 and a 200 day moving average of $24.01. Talos Energy Inc has a fifty-two week low of $14.60 and a fifty-two week high of $36.21. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.22. Talos Energy had a net margin of 30.24% and a return on equity of 15.59%. The business had revenue of $286.81 million during the quarter, compared to the consensus estimate of $268.23 million. As a group, equities analysts predict that Talos Energy Inc will post 3.19 EPS for the current year.

Several equities analysts have recently issued reports on TALO shares. Roth Capital reduced their price target on shares of Talos Energy from $45.00 to $40.00 and set a “buy” rating for the company in a report on Monday, August 26th. ValuEngine downgraded shares of Talos Energy from a “sell” rating to a “strong sell” rating in a report on Monday, June 3rd. Stephens set a $37.00 price objective on shares of Talos Energy and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Zacks Investment Research raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Talos Energy in a report on Sunday, September 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Talos Energy currently has a consensus rating of “Buy” and an average price target of $36.40.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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

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