274,689 Shares in Talos Energy Inc. $TALO Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Talos Energy Inc. (NYSE:TALO) in the second quarter, according to its most recent filing with the SEC. The fund purchased 274,689 shares of the company’s stock, valued at approximately $3,546,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TALO. The Manufacturers Life Insurance Company acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $867,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy in the second quarter valued at approximately $27,039,375. Algert Global LLC raised its holdings in shares of Talos Energy by 52.4% during the second quarter. Algert Global LLC now owns 699,680 shares of the company’s stock valued at $9,033,000 after buying an additional 240,490 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Talos Energy in the 2nd quarter worth approximately $12,875,000. Finally, Pinnacle Holdings LLC acquired a new stake in Talos Energy in the 2nd quarter valued at approximately $1,599,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Stock Down 2.6%

Talos Energy stock opened at $16.84 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 1-year low of $8.87 and a 1-year high of $18.44. The firm’s fifty day simple moving average is $15.14 and its 200-day simple moving average is $14.78. The company has a market capitalization of $2.81 billion, a P/E ratio of -7.08 and a beta of 0.36.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same period in the prior year, the business posted ($0.27) earnings per share. The business’s quarterly revenue was up 56.5% on a year-over-year basis. Sell-side analysts forecast that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TALO shares. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Mizuho upped their target price on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Insider Activity at Talos Energy

In related news, insider John B. Spath sold 90,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the transaction, the insider owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. The trade was a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory Babcock sold 61,307 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the transaction, the insider directly owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 271,307 shares of company stock valued at $4,625,679. Corporate insiders own 0.51% 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.