Municipal Employees Retirement System of Michigan Makes New $183,000 Investment in Talos Energy Inc (NYSE:TALO)

Municipal Employees Retirement System of Michigan bought a new position in shares of Talos Energy Inc (NYSE:TALO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,080 shares of the company’s stock, valued at approximately $183,000.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of Talos Energy during the 4th quarter worth approximately $30,000. SG Americas Securities LLC acquired a new position in shares of Talos Energy during the 4th quarter worth approximately $130,000. Louisiana State Employees Retirement System acquired a new position in shares of Talos Energy during the 4th quarter worth approximately $208,000. Virginia Retirement Systems ET AL acquired a new position in shares of Talos Energy during the 4th quarter worth approximately $238,000. Finally, Alps Advisors Inc. acquired a new position in shares of Talos Energy during the 3rd quarter worth approximately $310,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.

NYSE TALO opened at $18.49 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $963.62 million, a price-to-earnings ratio of 2.75 and a beta of 1.95. The firm’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $23.00. Talos Energy Inc has a 1 year low of $17.40 and a 1 year high of $31.34.

TALO has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. ValuEngine upgraded shares of Talos Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, TheStreet lowered shares of Talos Energy from a “c-” rating to a “d” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Talos Energy currently has an average rating of “Buy” and a consensus target price of $36.40.

Talos Energy Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

Further Reading: Derivative

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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