Talos Energy Inc. $TALO Stake Lessened by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of Talos Energy Inc. (NYSE:TALO) by 36.6% during the first quarter, Holdings Channel.com reports. The fund owned 143,369 shares of the company’s stock after selling 82,901 shares during the period. Sei Investments Co.’s holdings in Talos Energy were worth $2,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TALO. Sourcerock Group LLC lifted its position in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Nuveen LLC increased its position in shares of Talos Energy by 341.7% during the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares during the period. Federated Hermes Inc. increased its position in shares of Talos Energy by 2,347.6% during the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after buying an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Talos Energy by 61.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock worth $16,601,000 after buying an additional 572,628 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

TALO has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Mizuho boosted their price target on shares of Talos Energy from $17.00 to $18.00 and gave the stock 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 report on Saturday. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Finally, Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Four 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 a consensus rating of “Hold” and an average price target of $18.50.

Talos Energy Stock Performance

TALO opened at $14.37 on Friday. The firm has a market cap of $2.40 billion, a PE ratio of -6.04 and a beta of 0.35. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $14.14. Talos Energy Inc. has a fifty-two week low of $7.72 and a fifty-two week high of $17.05.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) 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 company 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) earnings per share. Talos Energy’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, equities analysts predict that Talos Energy Inc. will post 0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

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.