Principal Financial Group Inc. reduced its stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 23.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 587,651 shares of the company's stock after selling 182,674 shares during the quarter. Principal Financial Group Inc. owned about 0.32% of Talos Energy worth $6,082,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Invesco Senior Secured Management Inc. ADV bought a new position in shares of Talos Energy during the 1st quarter valued at about $77,977,000. Vanguard Group Inc. increased its holdings in shares of Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company's stock valued at $136,425,000 after buying an additional 1,873,537 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after acquiring an additional 1,724,014 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy during the second quarter worth $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Talos Energy during the second quarter valued at $13,693,000. Institutional investors and hedge funds own 89.35% of the company's stock.
Insiders Place Their Bets
In other Talos Energy news, insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. The trade was a 0.23 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on TALO shares. Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an "outperform" rating and a $16.00 target price for the company. Citigroup increased their target price on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a report on Thursday, November 14th. Benchmark reiterated a "buy" rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp decreased their price objective on Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Finally, BMO Capital Markets dropped their target price on Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Talos Energy has a consensus rating of "Moderate Buy" and an average target price of $18.45.
Check Out Our Latest Stock Report on Talos Energy
Talos Energy Stock Up 1.5 %
NYSE TALO traded up $0.17 during trading on Thursday, hitting $11.62. 1,592,973 shares of the company traded hands, compared to its average volume of 2,124,403. The company has a market capitalization of $2.09 billion, a P/E ratio of 21.19 and a beta of 1.92. The business has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $11.29. Talos Energy Inc. has a 12 month low of $9.44 and a 12 month high of $14.77. 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 (NYSE:TALO - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $504.44 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm's revenue was up 32.9% on a year-over-year basis. As a group, sell-side analysts predict that Talos Energy Inc. will post -0.2 EPS for the current year.
About Talos Energy
(
Free Report)
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.
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