Strs Ohio Has $694,000 Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Strs Ohio decreased its holdings in Talos Energy Inc. (NYSE:TALO – Get Rating) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,700 shares of the company’s stock after selling 4,600 shares during the quarter. Strs Ohio’s holdings in Talos Energy were worth $694,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Texas Permanent School Fund increased its position in shares of Talos Energy by 57.2% during the 3rd quarter. Texas Permanent School Fund now owns 46,900 shares of the company’s stock worth $781,000 after purchasing an additional 17,073 shares in the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of Talos Energy during the 3rd quarter worth about $73,000. State of Alaska Department of Revenue grew its holdings in Talos Energy by 44.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 45,145 shares of the company’s stock worth $751,000 after acquiring an additional 13,909 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in Talos Energy during the 3rd quarter worth about $942,000. Finally, Louisiana State Employees Retirement System bought a new stake in Talos Energy during the 3rd quarter worth about $519,000. Institutional investors and hedge funds own 96.24% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus initiated coverage on shares of Talos Energy in a report on Wednesday, October 19th. They set a “buy” rating and a $27.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy has an average rating of “Buy” and a consensus target price of $25.00.

Talos Energy Stock Up 5.4 %

Shares of NYSE:TALO opened at $20.96 on Tuesday. The firm has a market cap of $1.73 billion, a P/E ratio of 3.82 and a beta of 2.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.56. Talos Energy Inc. has a 12 month low of $9.08 and a 12 month high of $25.49. The company’s 50-day moving average price is $19.45 and its two-hundred day moving average price is $18.99.

Talos Energy (NYSE:TALO – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.42. The company had revenue of $377.13 million for the quarter, compared to analyst estimates of $324.51 million. Talos Energy had a net margin of 27.18% and a return on equity of 28.61%. As a group, research analysts forecast that Talos Energy Inc. will post 3.18 EPS for the current fiscal year.

Talos Energy Profile

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Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.