Quantinno Capital Management LP Has $2.32 Million Position in Talos Energy Inc. $TALO

Quantinno Capital Management LP grew its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 152.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,472 shares of the company’s stock after buying an additional 88,950 shares during the quarter. Quantinno Capital Management LP’s holdings in Talos Energy were worth $2,324,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after acquiring an additional 3,007 shares during the last quarter. AQR Capital Management LLC raised its holdings in Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after purchasing an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

TALO opened at $15.54 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 12-month low of $7.79 and a 12-month high of $17.05. The business has a 50 day moving average of $14.26 and a 200-day moving average of $14.19. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -6.53 and a beta of 0.35.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same period in the previous year, the firm earned ($0.27) EPS. The firm’s revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts expect that Talos Energy Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

TALO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. Finally, Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.50.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction on 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 completion of the transaction, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.51% of the stock is currently owned by company insiders.

About Talos Energy

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.