The Manufacturers Life Insurance Company Purchases 17,004 Shares of Talos Energy Inc. (NYSE:TALO)

The Manufacturers Life Insurance Company increased its holdings in Talos Energy Inc. (NYSE:TALO) by 26.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,571 shares of the company’s stock after acquiring an additional 17,004 shares during the period. The Manufacturers Life Insurance Company’s holdings in Talos Energy were worth $979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Talos Energy by 23.7% during the first 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Talos Energy by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after purchasing an additional 179,181 shares during the last quarter. Invesco Senior Secured Management Inc. ADV purchased a new stake in Talos Energy during the 1st quarter valued at $77,977,000. American Century Companies Inc. grew its stake in shares of Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after acquiring an additional 619,169 shares during the period. Finally, HITE Hedge Asset Management LLC increased its position in Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after acquiring an additional 1,116,241 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Price Performance

Shares of NYSE TALO opened at $11.07 on Monday. Talos Energy Inc. has a 12 month low of $9.81 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50 day simple moving average is $11.19 and its 200-day simple moving average is $11.88. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 369.00 and a beta of 1.93.

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, beating the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 49.6% compared to the same quarter last year. Analysts expect that Talos Energy Inc. will post -0.14 EPS for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital acquired 343,000 shares of Talos Energy stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $9.99 per share, for a total transaction of $3,426,570.00. Following the completion of the transaction, the insider now owns 39,488,904 shares in the company, valued at $394,494,150.96. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 2,119,000 shares of company stock worth $22,931,130 in the last ninety days. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

TALO has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. The Goldman Sachs Group started 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. Mizuho assumed coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday, September 27th. Finally, Stephens reiterated an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $19.15.

Talos Energy Company 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.