Empowered Funds LLC Purchases 189,228 Shares of Talos Energy Inc. (NYSE:TALO)

Empowered Funds LLC boosted its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 22.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,035,071 shares of the company's stock after buying an additional 189,228 shares during the period. Empowered Funds LLC owned 0.57% of Talos Energy worth $10,713,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TALO. Invesco Senior Secured Management Inc. ADV bought a new position in Talos Energy during the first quarter valued at about $77,977,000. Vanguard Group Inc. grew its stake in shares of Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company's stock worth $136,425,000 after purchasing an additional 1,873,537 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after purchasing an additional 1,724,014 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Talos Energy during the second quarter valued at approximately $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Talos Energy during the second quarter worth approximately $13,693,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Stock Down 3.3 %

Shares of NYSE:TALO traded down $0.38 during trading on Friday, reaching $11.28. 1,465,919 shares of the company traded hands, compared to its average volume of 2,136,933. The firm has a fifty day simple moving average of $10.79 and a 200 day simple moving average of $11.33. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 1-year low of $9.44 and a 1-year high of $14.80. The firm has a market cap of $2.03 billion, a P/E ratio of 20.89 and a beta of 1.92.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same period in the previous year, the business posted $0.14 EPS. Talos Energy's revenue for the quarter was up 32.9% on a year-over-year basis. Analysts anticipate that Talos Energy Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp dropped their price target on Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Mizuho assumed coverage on Talos Energy in a report on Thursday, September 19th. They set an "outperform" rating and a $16.00 target price for the company. The Goldman Sachs Group initiated coverage on Talos Energy in a research note on Monday, July 22nd. They issued a "buy" rating and a $14.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Finally, Benchmark reissued a "buy" rating and issued a $20.00 target price on shares of Talos Energy in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.45.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 323,000 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the completion of the transaction, the insider now directly owns 42,858,904 shares of the company's stock, valued at $464,590,519.36. This represents a 0.76 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders bought 1,220,000 shares of company stock valued at $13,135,560. 0.77% of the stock is owned by corporate insiders.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.