Illinois Municipal Retirement Fund Reduces Stock Position in Talos Energy Inc. (NYSE:TALO)

Illinois Municipal Retirement Fund lessened its position in Talos Energy Inc. (NYSE:TALO) by 15.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 72,873 shares of the company’s stock after selling 12,899 shares during the period. Illinois Municipal Retirement Fund’s holdings in Talos Energy were worth $708,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund grew its stake in shares of Talos Energy by 4.1% in the fourth quarter. New York State Common Retirement Fund now owns 56,474 shares of the company’s stock worth $548,000 after purchasing an additional 2,200 shares during the last quarter. Keating Investment Counselors Inc. lifted its holdings in Talos Energy by 5.1% in the 4th quarter. Keating Investment Counselors Inc. now owns 240,680 shares of the company’s stock worth $2,337,000 after buying an additional 11,755 shares during the period. Principal Financial Group Inc. grew its position in shares of Talos Energy by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 603,337 shares of the company’s stock worth $5,858,000 after buying an additional 15,686 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Talos Energy by 13.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 190,314 shares of the company’s stock valued at $1,848,000 after buying an additional 23,065 shares during the period. Finally, Congress Asset Management Co. raised its holdings in shares of Talos Energy by 8.4% during the fourth quarter. Congress Asset Management Co. now owns 385,686 shares of the company’s stock valued at $3,745,000 after acquiring an additional 29,743 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

TALO stock opened at $8.37 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.50 and a beta of 1.89. The firm has a 50 day moving average price of $9.75 and a 200-day moving average price of $10.47. Talos Energy Inc. has a 52-week low of $8.29 and a 52-week high of $14.67.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TALO. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for the company. Mizuho cut their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Finally, Stephens decreased their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.83.

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.