Talos Energy Inc. (NYSE:TALO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,168,694 shares of the company's stock after selling 195,224 shares during the period. Geode Capital Management LLC owned approximately 1.76% of Talos Energy worth $32,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Talos Energy by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company's stock worth $79,545,000 after purchasing an additional 179,181 shares during the period. Philosophy Capital Management LLC raised its holdings in shares of Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock worth $31,728,000 after buying an additional 841,414 shares during the period. American Century Companies Inc. lifted its stake in shares of Talos Energy by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company's stock worth $36,236,000 after acquiring an additional 619,169 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock valued at $30,939,000 after acquiring an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. grew its position in 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 valued at $22,292,000 after acquiring an additional 1,724,014 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Mizuho reduced their target price on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. assumed coverage on Talos Energy in a report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price target for the company. Finally, Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.28.

Talos Energy Stock Down 0.5 %

Shares of NYSE:TALO traded down $0.05 on Thursday, reaching $9.18. The company had a trading volume of 800,273 shares, compared to its average volume of 2,081,284. The firm has a market capitalization of $1.65 billion, a PE ratio of 17.00 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 52-week low of $8.89 and a 52-week high of $14.77. The firm's 50 day simple moving average is $10.53 and its 200-day simple moving average is $11.01.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to analysts' expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. As a group, analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the acquisition, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. The trade was a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by company 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.