Corebridge Financial Inc. Lowers Position in Talos Energy Inc. (NYSE:TALO)

Corebridge Financial Inc. decreased its stake in shares of Talos Energy Inc. (NYSE:TALO) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,449 shares of the company’s stock after selling 7,563 shares during the period. Corebridge Financial Inc.’s holdings in Talos Energy were worth $742,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. KLP Kapitalforvaltning AS purchased a new position in Talos Energy during the fourth quarter worth about $326,000. American Century Companies Inc. lifted its position in shares of Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock worth $42,991,000 after buying an additional 575,096 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Talos Energy by 41.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 137,838 shares of the company’s stock worth $1,339,000 after buying an additional 40,221 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Talos Energy in the fourth quarter valued at approximately $132,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Talos Energy by 19.2% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,346,678 shares of the company’s stock valued at $13,076,000 after acquiring an additional 216,921 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

NYSE TALO opened at $6.94 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.25 billion, a PE ratio of 12.84 and a beta of 1.33. Talos Energy Inc. has a 52 week low of $6.91 and a 52 week high of $14.67. The firm’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $10.02.

Analyst Ratings Changes

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

About Talos Energy

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.