Empowered Funds LLC Acquires 37,689 Shares of Talos Energy Inc. $TALO

Empowered Funds LLC boosted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 3.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,152,594 shares of the company’s stock after buying an additional 37,689 shares during the period. Empowered Funds LLC owned approximately 0.69% of Talos Energy worth $18,165,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in shares of Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after buying an additional 1,942 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares in the last quarter. Quarry LP acquired a new stake in shares of Talos Energy during the third quarter worth $36,000. PNC Financial Services Group Inc. raised its holdings in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after acquiring an additional 5,236 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Citigroup dropped their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, KeyCorp increased their price objective on Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.50.

Talos Energy Price Performance

NYSE:TALO opened at $13.73 on Wednesday. The stock has a market capitalization of $2.29 billion, a PE ratio of -3.19 and a beta of 0.34. Talos Energy Inc. has a 1-year low of $7.67 and a 1-year high of $17.05. The firm has a fifty day simple moving average of $14.39 and a 200 day simple moving average of $13.98. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. The firm had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, research analysts expect that Talos Energy Inc. will post 0.37 EPS for the current fiscal year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the transaction, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. The trade was a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is owned by corporate insiders.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.