Talos Energy Inc. $TALO Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Talos Energy Inc. (NYSE:TALO) by 40.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,560 shares of the company’s stock after purchasing an additional 248,200 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Talos Energy worth $8,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sourcerock Group LLC lifted its position in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares during the period. American Century Companies Inc. increased its holdings in Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock worth $45,033,000 after buying an additional 449,377 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after buying an additional 304,205 shares during the last quarter. Franklin Resources Inc. lifted its stake in Talos Energy by 7.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock valued at $11,529,000 after acquiring an additional 97,901 shares during the period. Finally, Empowered Funds LLC lifted its stake in Talos Energy by 1.4% during the 2nd quarter. Empowered Funds LLC now owns 1,213,097 shares of the company’s stock valued at $10,287,000 after acquiring an additional 17,035 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

NYSE TALO opened at $13.11 on Friday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -6.52 and a beta of 0.58. The stock has a 50-day moving average of $11.52 and a 200 day moving average of $10.31. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $13.40.

Analysts Set New Price Targets

TALO has been the topic of a number of research reports. Citigroup increased their price objective on shares of 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 Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Mizuho upped their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, KeyCorp lifted their price target on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Three equities 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.com, Talos Energy presently has a consensus rating of “Hold” and an average price target of $13.50.

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.