Talos Energy Inc. (NYSE:TALO) Shares Sold by State Street Corp

State Street Corp lessened its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,696,786 shares of the company's stock after selling 421,804 shares during the period. State Street Corp owned about 4.28% of Talos Energy worth $79,662,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC increased its stake in Talos Energy by 37.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company's stock worth $10,696,000 after buying an additional 239,996 shares during the period. Encompass Capital Advisors LLC bought a new position in Talos Energy in the 2nd quarter worth about $18,832,000. HITE Hedge Asset Management LLC grew its stake in Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock worth $30,939,000 after acquiring an additional 1,116,241 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Talos Energy by 1,557.7% during the second 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 during the period. Finally, PDT Partners LLC bought a new stake in shares of Talos Energy during the third quarter valued at approximately $598,000. Institutional investors own 89.35% of the company's stock.

Talos Energy Price Performance

Shares of TALO opened at $9.80 on Wednesday. The company has a 50 day moving average of $10.72 and a two-hundred day moving average of $11.11. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 18.15 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $14.77.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings data 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 for 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 quarter last year, the company earned $0.14 EPS. As a group, analysts predict that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of Talos Energy stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the transaction, the insider now owns 43,545,604 shares of the company's stock, valued at $448,955,177.24. This represents a 0.23 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TALO. JPMorgan Chase & Co. initiated coverage on Talos Energy in a research note on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price objective on the stock. Mizuho cut their price target on Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday. KeyCorp lowered their price objective on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets cut their target price on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Finally, Benchmark reaffirmed a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.28.

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.