Mackay Shields LLC Buys Shares of 3,986,734 Talos Energy Inc (TALO)
Mackay Shields LLC bought a new position in shares of Talos Energy Inc (NYSE:TALO) during the second quarter, HoldingsChannel reports. The firm bought 3,986,734 shares of the company’s stock, valued at approximately $128,094,000. Talos Energy makes up approximately 0.9% of Mackay Shields LLC’s holdings, making the stock its 12th largest holding. Mackay Shields LLC owned 0.20% of Talos Energy as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in TALO. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $903,000. Sei Investments Co. acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $895,000. Finally, Rhumbline Advisers acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $669,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd.
Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Monday, August 6th. The company reported ($0.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($1.45). Talos Energy had a negative net margin of 8.65% and a negative return on equity of 7.69%. The firm had revenue of $203.91 million during the quarter. equities analysts expect that Talos Energy Inc will post 3.61 EPS for the current year.
About Talos Energy
Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.
Featured Story: What is the NASDAQ Stock Market?
Want to see what other hedge funds are holding TALO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talos Energy Inc (NYSE:TALO).
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.