863,808 Shares in Talos Energy Inc. $TALO Acquired by Man Group plc

Man Group plc acquired a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 863,808 shares of the company’s stock, valued at approximately $11,152,000.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of Talos Energy by 20.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock valued at $59,000 after purchasing an additional 884 shares during the period. Larson Financial Group LLC increased its holdings in Talos Energy by 28.4% in the 4th quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock valued at $47,000 after purchasing an additional 939 shares during the last quarter. PNC Financial Services Group Inc. grew its stake 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 buying an additional 1,049 shares in the last quarter. US Bancorp DE grew its position in Talos Energy by 17.4% in the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock valued at $68,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in shares of Talos Energy by 3.5% in the first quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company’s stock valued at $706,000 after purchasing an additional 1,507 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup lowered their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Stephens restated an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Talos Energy Trading Down 0.2%

Shares of TALO opened at $16.70 on Friday. Talos Energy Inc. has a twelve month low of $8.87 and a twelve month high of $18.44. The firm has a market capitalization of $2.79 billion, a P/E ratio of -7.02 and a beta of 0.35. The firm’s 50-day moving average is $14.80 and its two-hundred day moving average is $14.63. 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 (NYSE:TALO) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $577.92 million. During the same period in the previous year, the firm posted ($0.27) earnings per share. Talos Energy’s revenue was up 56.5% on a year-over-year basis. On average, research analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Talos Energy Company 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.