PNC Financial Services Group Inc. Has $76,000 Position in Talos Energy Inc. (NYSE:TALO)

PNC Financial Services Group Inc. lessened its stake in shares of Talos Energy Inc. (NYSE:TALO) by 30.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,805 shares of the company’s stock after selling 3,383 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Talos Energy were worth $76,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy during the third quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Talos Energy during the third quarter worth about $75,000. KBC Group NV boosted its holdings in Talos Energy by 46.1% in the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after purchasing an additional 7,026 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Talos Energy by 119.2% during the third quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after purchasing an additional 5,653 shares during the period. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Up 0.7 %

NYSE:TALO opened at $9.26 on Wednesday. Talos Energy Inc. has a one year low of $8.05 and a one year high of $14.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $1.67 billion, a PE ratio of 17.15 and a beta of 1.79. The firm’s 50 day simple moving average is $9.37 and its 200 day simple moving average is $10.14.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens cut their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Citigroup lowered their price target on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Mizuho reduced their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.56.

Talos Energy 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.