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Verition Fund Management LLC Grows Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Talos Energy logo with Oils/Energy background

Verition Fund Management LLC increased its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 250.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,395 shares of the company's stock after buying an additional 67,438 shares during the quarter. Verition Fund Management LLC owned 0.05% of Talos Energy worth $977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TALO. Signaturefd LLC lifted its holdings in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company's stock worth $33,000 after acquiring an additional 917 shares during the last quarter. US Bancorp DE lifted its stake in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock worth $36,000 after purchasing an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Talos Energy by 91.1% during the second 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 during the period. FMR LLC grew its stake in shares of Talos Energy by 119.2% during the third quarter. FMR LLC now owns 10,395 shares of the company's stock valued at $108,000 after buying an additional 5,653 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Talos Energy during the third quarter valued at about $118,000. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Stock Up 3.4 %

Shares of TALO stock traded up $0.33 during midday trading on Monday, reaching $10.22. 1,670,878 shares of the stock were exchanged, compared to its average volume of 2,082,582. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $14.77. The firm has a market cap of $1.84 billion, a PE ratio of 18.92 and a beta of 1.92. The company's 50 day moving average is $10.81 and its two-hundred day moving average is $11.16. 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 issued its quarterly 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 analysts' expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. On average, equities research analysts predict that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling at Talos Energy

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TALO shares. JPMorgan Chase & Co. began coverage on Talos Energy in a research report on Thursday. They set a "neutral" rating and a $12.00 price target on the stock. Mizuho initiated coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an "outperform" rating and a $16.00 target price on the stock. Benchmark reissued a "buy" rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp decreased their price objective 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. Finally, Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.

Get Our Latest Research Report on TALO

Talos Energy Profile

(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.

Further Reading

Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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