State Street Corp Decreases Stake in Talos Energy Inc. (NYSE:TALO)

State Street Corp trimmed its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,696,786 shares of the company's stock after selling 421,804 shares during the quarter. State Street Corp owned approximately 4.28% of Talos Energy worth $79,662,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company's stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. US Bancorp DE boosted its stake in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock worth $36,000 after buying an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock valued at $57,000 after buying an additional 2,235 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Talos Energy in the 3rd quarter worth $75,000. Finally, FMR LLC increased its stake in shares of Talos Energy by 119.2% in the 3rd quarter. FMR LLC now owns 10,395 shares of the company's stock worth $108,000 after acquiring an additional 5,653 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Down 2.8 %

Shares of NYSE TALO traded down $0.27 during trading on Wednesday, reaching $9.53. The stock had a trading volume of 2,339,186 shares, compared to its average volume of 2,081,919. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.72 billion, a P/E ratio of 17.65 and a beta of 1.92. Talos Energy Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $14.77. The business's 50-day moving average price is $10.70 and its 200-day moving average price is $11.09.

Talos Energy (NYSE:TALO - Get Free Report) last released its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business's revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. KeyCorp reduced their price target on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price objective on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. Finally, Citigroup lifted their target price on Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.28.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the purchase, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The trade was a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company's stock.

Talos Energy Company Profile

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.