Thompson Siegel & Walmsley LLC Sells 138,369 Shares of Talos Energy Inc. $TALO

Thompson Siegel & Walmsley LLC reduced its holdings in Talos Energy Inc. (NYSE:TALO) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 920,271 shares of the company’s stock after selling 138,369 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Talos Energy were worth $10,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Sourcerock Group LLC boosted its stake in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after buying an additional 592,509 shares during the period. American Century Companies Inc. boosted its position in Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after purchasing an additional 455,409 shares during the last quarter. CSM Advisors LLC acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $3,807,000. Finally, Soviero Asset Management LP acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $3,644,000. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TALO shares. Roth Mkm reaffirmed a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.67.

Talos Energy Stock Performance

TALO stock opened at $14.90 on Tuesday. The stock has a 50-day moving average price of $15.34 and a 200-day moving average price of $13.10. Talos Energy Inc. has a 1-year low of $7.67 and a 1-year high of $17.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The firm has a market cap of $2.49 billion, a PE ratio of -3.46 and a beta of 0.35.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm had revenue of $472.31 million during the quarter, compared to analyst estimates of $446.39 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts expect that Talos Energy Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 2,935,568 shares of company stock worth $48,892,022 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.