Entropy Technologies LP Cuts Position in Talos Energy Inc. (NYSE:TALO)

Entropy Technologies LP cut its stake in Talos Energy Inc. (NYSE:TALO) by 74.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,613 shares of the company’s stock after selling 31,536 shares during the period. Entropy Technologies LP’s holdings in Talos Energy were worth $103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in Talos Energy by 4.1% in the fourth quarter. Empowered Funds LLC now owns 1,077,677 shares of the company’s stock worth $10,464,000 after acquiring an additional 42,606 shares in the last quarter. KBC Group NV boosted its position in Talos Energy by 46.1% during the fourth 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 period. SG Americas Securities LLC purchased a new stake in Talos Energy during the fourth quarter valued at about $592,000. Nisa Investment Advisors LLC boosted its position in Talos Energy by 182.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after buying an additional 7,026 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Talos Energy by 2.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock valued at $1,086,000 after buying an additional 2,192 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Talos Energy Price Performance

TALO stock opened at $9.35 on Friday. Talos Energy Inc. has a 1 year low of $8.89 and a 1 year high of $14.67. The company has a market cap of $1.68 billion, a P/E ratio of 17.31 and a beta of 1.89. The firm has a 50-day moving average of $9.90 and a 200 day moving average of $10.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

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.