Public Sector Pension Investment Board Increases Holdings in Talos Energy Inc. $TALO

Public Sector Pension Investment Board raised its holdings in Talos Energy Inc. (NYSE:TALO) by 43.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 601,218 shares of the company’s stock after buying an additional 181,443 shares during the quarter. Public Sector Pension Investment Board’s holdings in Talos Energy were worth $5,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TALO. Virtus Fixed Income Advisers LLC purchased a new position in shares of Talos Energy during the second quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. CWM LLC grew its position in shares of Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after buying an additional 3,922 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after acquiring an additional 5,236 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Talos Energy during the 2nd quarter valued at about $87,000. Institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TALO shares. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Citigroup raised their price target on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Mizuho upped their price target on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, KeyCorp upped their price target on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $13.14 on Thursday. The firm’s 50-day moving average is $11.59 and its 200 day moving average is $10.42. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -6.54 and a beta of 0.58. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $13.44.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.