US Bancorp DE Increases Stake in Talos Energy Inc. (NYSE:TALO)

US Bancorp DE boosted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 113.3% during the 3rd quarter, Holdings Channel reports. The firm owned 3,440 shares of the company’s stock after acquiring an additional 1,827 shares during the quarter. US Bancorp DE’s holdings in Talos Energy were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the last quarter. Everence Capital Management Inc. raised its position in Talos Energy by 8.6% during the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Talos Energy by 13.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after acquiring an additional 1,838 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after acquiring an additional 2,235 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Talos Energy by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after acquiring an additional 2,314 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 323,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the purchase, the insider now owns 42,858,904 shares of the company’s stock, valued at $464,590,519.36. This represents a 0.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders purchased 1,220,000 shares of company stock valued at $13,135,560. 0.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TALO shares. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho assumed coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price on the stock. The Goldman Sachs Group started coverage on Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. Finally, Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

Talos Energy Stock Performance

NYSE TALO opened at $11.41 on Tuesday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 21.13 and a beta of 1.92. The stock has a 50-day moving average of $10.80 and a 200 day moving average of $11.30. The company has a current ratio of 0.97, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $14.80.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. Sell-side analysts anticipate that Talos Energy Inc. will post -0.2 EPS for the current fiscal year.

About Talos Energy

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.