Empowered Funds LLC Acquires 37,689 Shares of Talos Energy Inc. $TALO

Empowered Funds LLC increased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,152,594 shares of the company’s stock after acquiring an additional 37,689 shares during the quarter. Empowered Funds LLC’s holdings in Talos Energy were worth $18,165,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in shares of Talos Energy in the third quarter valued at $36,000. PNC Financial Services Group Inc. raised its position in shares of Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during the period. Institutional investors own 89.35% of the company’s stock.

Insiders Place Their Bets

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

Talos Energy Stock Down 2.8%

TALO stock opened at $13.73 on Wednesday. Talos Energy Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -3.19 and a beta of 0.34. The business’s fifty day moving average price is $14.39 and its two-hundred day moving average price is $13.98.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The company had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. Talos Energy’s quarterly revenue was down 7.9% on a year-over-year basis. On average, equities analysts anticipate that Talos Energy Inc. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TALO. Stephens restated an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Mizuho increased their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. KeyCorp raised their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Citigroup reduced their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.50.

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.