Talos Energy Inc. $TALO Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,369 shares of the company’s stock after selling 82,901 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Talos Energy worth $2,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tejara Capital Ltd acquired a new stake in shares of Talos Energy during the 4th quarter worth approximately $2,910,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Talos Energy by 394,736.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after purchasing an additional 300,000 shares during the period. Brandywine Global Investment Management LLC boosted its position in Talos Energy by 338.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after purchasing an additional 300,518 shares during the period. Atom Investors LP grew its stake in Talos Energy by 141.0% during the 4th quarter. Atom Investors LP now owns 363,999 shares of the company’s stock worth $4,011,000 after buying an additional 212,971 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Talos Energy by 14.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company’s stock worth $14,080,000 after buying an additional 161,652 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TALO. Citigroup cut their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. upped their price target on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Mizuho increased their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.50.

Talos Energy Stock Performance

Shares of TALO stock opened at $14.37 on Friday. Talos Energy Inc. has a 12-month low of $7.72 and a 12-month high of $17.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.20. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -6.04 and a beta of 0.35. The business has a 50 day simple moving average of $14.24 and a 200 day simple moving average of $14.14.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The firm had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the previous year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities research analysts anticipate that Talos Energy Inc. will post 0.48 EPS for the current year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.51% of the company’s stock.

Talos Energy Profile

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.