Geode Capital Management LLC Trims Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Geode Capital Management LLC lowered its stake in shares of Talos Energy Inc. (NYSE:TALO) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,168,694 shares of the company’s stock after selling 195,224 shares during the period. Geode Capital Management LLC’s holdings in Talos Energy were worth $32,802,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Talos Energy by 21.9% during the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock worth $12,149,000 after acquiring an additional 210,687 shares during the period. XTX Topco Ltd grew its position in shares of Talos Energy by 280.7% during the 3rd quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock valued at $477,000 after purchasing an additional 33,984 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy in the third quarter worth $31,000. Weiss Asset Management LP raised its position in shares of Talos Energy by 103.0% in the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock worth $2,727,000 after buying an additional 133,714 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Talos Energy by 40.6% during the third quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock valued at $1,112,000 after buying an additional 31,010 shares during the period. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Up 1.7 %

Shares of NYSE TALO opened at $9.23 on Thursday. The firm’s fifty day moving average is $10.54 and its 200 day moving average is $11.02. Talos Energy Inc. has a 52 week low of $8.89 and a 52 week high of $14.77. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.09 and a beta of 1.92.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same period last year, the company posted $0.14 earnings per share. The business’s revenue was up 32.9% on a year-over-year basis. On average, equities research analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were acquired at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the acquisition, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. This trade represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

TALO has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price objective on the stock. Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Mizuho decreased their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, KeyCorp dropped their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.28.

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.