Public Sector Pension Investment Board Has $4.18 Million Stake in Talos Energy Inc. (NYSE:TALO)

Public Sector Pension Investment Board grew its position in Talos Energy Inc. (NYSE:TALO) by 24.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,006 shares of the company’s stock after buying an additional 67,718 shares during the quarter. Public Sector Pension Investment Board owned 0.19% of Talos Energy worth $4,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TALO. Invesco Senior Secured Management Inc. ADV acquired a new position in Talos Energy during the first quarter valued at approximately $77,977,000. Vanguard Group Inc. lifted its position in shares of Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Talos Energy by 1,557.7% in the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after buying an additional 1,724,014 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Talos Energy in the second quarter valued at about $13,693,000. Finally, Loews Corp bought a new position in Talos Energy in the second quarter valued at about $8,505,000. Institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 306,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the transaction, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 1,769,000 shares of company stock valued at $19,270,130 over the last ninety days. 0.77% of the stock is owned by company insiders.

Talos Energy Price Performance

TALO stock opened at $10.05 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 143.57 and a beta of 1.94. The company has a fifty day moving average price of $11.34 and a 200-day moving average price of $12.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. Talos Energy Inc. has a 52-week low of $9.81 and a 52-week high of $17.09.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same period last year, the company earned $0.06 EPS. Talos Energy’s revenue for the quarter was up 49.6% compared to the same quarter last year. As a group, equities analysts expect that Talos Energy Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TALO shares. Stephens reissued an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Thursday, August 8th. Finally, Mizuho began coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy presently has an average rating of “Buy” and a consensus target price of $19.83.

Talos Energy Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.