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

Truvestments Capital LLC reduced its position in Talos Energy Inc. (NYSE:TALO) by 72.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,956 shares of the company’s stock after selling 5,125 shares during the period. Truvestments Capital LLC’s holdings in Talos Energy were worth $27,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Invesco Senior Secured Management Inc. ADV acquired a new position in Talos Energy in the 1st quarter worth approximately $77,977,000. Vanguard Group Inc. boosted its position in 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. Dimensional Fund Advisors LP raised its stake in shares of Talos Energy by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Talos Energy by 56.0% during the first quarter. Empowered Funds LLC now owns 687,780 shares of the company’s stock worth $9,581,000 after buying an additional 246,846 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Talos Energy by 35.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 632,015 shares of the company’s stock worth $8,994,000 after buying an additional 165,753 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Stifel Nicolaus upped their target price on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday, June 21st. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $20.17.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital purchased 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average price of $11.48 per share, for a total transaction of $2,296,000.00. Following the completion of the acquisition, the insider now directly owns 36,272,904 shares in the company, valued at approximately $416,412,937.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 650,000 shares of company stock worth $7,262,500 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Talos Energy Stock Down 0.3 %

Shares of Talos Energy stock traded down $0.04 during trading on Friday, reaching $11.59. 1,434,476 shares of the company traded hands, compared to its average volume of 1,770,708. Talos Energy Inc. has a 1-year low of $10.10 and a 1-year high of $17.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $2.13 billion, a PE ratio of 165.57 and a beta of 1.95. The company has a 50 day moving average price of $11.47 and a 200-day moving average price of $12.56.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.13. The firm had revenue of $429.93 million for the quarter, compared to analysts’ expectations of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. As a group, equities research analysts expect that Talos Energy Inc. will post -0.11 earnings per share for the current fiscal year.

Talos Energy 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.