UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $29 Million Stock Position in Talos Energy Inc. $TALO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Talos Energy Inc. (NYSE:TALO) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,246,238 shares of the company’s stock after selling 184,178 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Talos Energy were worth $28,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TALO. Larson Financial Group LLC increased its position in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP acquired a new position in shares of Talos Energy during the 3rd quarter worth approximately $36,000. Public Employees Retirement System of Ohio bought a new position in shares of Talos Energy during the second quarter worth approximately $63,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TALO. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Mizuho upped their target price on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Insider Activity

In other news, insider John B. Spath sold 90,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the transaction, the insider owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. This represents a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gregory Babcock sold 61,307 shares of Talos Energy stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the sale, the insider directly owned 84,509 shares in the company, valued at $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.51% of the company’s stock.

Talos Energy Stock Down 0.1%

Shares of TALO opened at $17.21 on Friday. Talos Energy Inc. has a one year low of $8.87 and a one year high of $18.44. The company has a market cap of $2.87 billion, a P/E ratio of -7.23 and a beta of 0.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $15.07 and a two-hundred day simple moving average of $14.76.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted ($0.27) EPS. The company’s revenue was up 56.5% compared to the same quarter last year. Research analysts forecast that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.

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.