Concurrent Investment Advisors LLC Sells 5,000 Shares of Talos Energy Inc. (NYSE:TALO)

Concurrent Investment Advisors LLC lessened its holdings in Talos Energy Inc. (NYSE:TALO) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,257 shares of the company’s stock after selling 5,000 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Talos Energy were worth $517,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the 3rd quarter valued at approximately $31,000. US Bancorp DE raised its holdings in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Talos Energy in the 3rd quarter valued at approximately $75,000. KBC Group NV raised its holdings in Talos Energy by 46.1% in the 4th 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, FMR LLC raised its holdings in Talos Energy by 119.2% in the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after buying an additional 5,653 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Mizuho decreased their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Stephens decreased their target price on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price for the company. 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.

Talos Energy Stock Performance

Shares of TALO stock opened at $8.86 on Tuesday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 16.40 and a beta of 1.89. Talos Energy Inc. has a 52 week low of $8.84 and a 52 week high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $9.79 and a 200-day moving average of $10.55.

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.