Dimensional Fund Advisors LP lifted its holdings in shares of Talos Energy Inc (NYSE:TALO) by 12.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 693,728 shares of the company’s stock after acquiring an additional 75,248 shares during the period. Dimensional Fund Advisors LP owned 1.28% of Talos Energy worth $22,768,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Talos Energy during the second quarter worth approximately $43,277,000. Renaissance Technologies LLC acquired a new position in Talos Energy during the second quarter worth approximately $14,449,000. Bank of New York Mellon Corp acquired a new position in Talos Energy during the second quarter worth approximately $9,225,000. Northern Trust Corp acquired a new position in Talos Energy during the second quarter worth approximately $7,837,000. Finally, Millennium Management LLC acquired a new position in Talos Energy during the second quarter worth approximately $4,208,000. 99.48% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on TALO shares. Zacks Investment Research lowered Talos Energy from a “buy” rating to a “strong sell” rating in a research report on Wednesday, November 7th. ValuEngine downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 28th. Stephens assumed coverage on Talos Energy in a research note on Thursday, December 6th. They issued an “overweight” rating and a $38.00 target price on the stock. Roth Capital assumed coverage on Talos Energy in a research note on Tuesday, October 16th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Northland Securities assumed coverage on Talos Energy in a research note on Monday, October 22nd. They issued an “outperform” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.20.
Shares of TALO stock opened at $18.82 on Friday. Talos Energy Inc has a twelve month low of $14.60 and a twelve month high of $37.64. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 45.51 and a beta of 1.48.
Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.69). Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%. The business had revenue of $282.87 million during the quarter, compared to analysts’ expectations of $279.40 million. As a group, equities research analysts predict that Talos Energy Inc will post 2.6 earnings per share for the current fiscal year.
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Talos Energy Company Profile
Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.
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