Empowered Funds LLC Purchases Shares of 1,261,052 Talos Energy Inc. $TALO

Empowered Funds LLC bought a new position in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,261,052 shares of the company’s stock, valued at approximately $16,280,000. Empowered Funds LLC owned approximately 0.76% of Talos Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. De Lisle Partners LLP bought a new stake in Talos Energy in the 2nd quarter worth approximately $2,144,000. Tejara Capital Ltd bought a new position in shares of Talos Energy in the 4th quarter worth $2,910,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Talos Energy by 394,736.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after acquiring an additional 300,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Talos Energy by 22.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,477 shares of the company’s stock valued at $7,241,000 after purchasing an additional 85,450 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Talos Energy by 338.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after purchasing an additional 300,518 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on TALO shares. Mizuho raised their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Talos Energy Stock Down 0.2%

Shares of NYSE:TALO opened at $16.70 on Friday. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -7.02 and a beta of 0.35. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44. The firm’s 50-day simple moving average is $14.80 and its 200-day simple moving average is $14.63. 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 (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.Talos Energy’s revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.27) earnings per share. As a group, equities research analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current year.

Talos Energy 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.