CM Management LLC Cuts Stake in Talos Energy Inc. $TALO

CM Management LLC reduced its stake in Talos Energy Inc. (NYSE:TALO) by 20.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 200,000 shares of the company’s stock after selling 50,000 shares during the period. Talos Energy comprises 1.9% of CM Management LLC’s investment portfolio, making the stock its 18th biggest holding. CM Management LLC’s holdings in Talos Energy were worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TALO. Public Sector Pension Investment Board lifted its stake in Talos Energy by 43.2% in the third quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock worth $5,766,000 after acquiring an additional 181,443 shares during the last quarter. SG Americas Securities LLC lifted its stake in Talos Energy by 292.6% in the fourth quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after acquiring an additional 200,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in Talos Energy by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after acquiring an additional 164,999 shares during the last quarter. SummerHaven Investment Management LLC purchased a new position in Talos Energy in the third quarter worth approximately $901,000. Finally, Principal Financial Group Inc. lifted its stake in Talos Energy by 40.7% in the third quarter. Principal Financial Group Inc. now owns 858,560 shares of the company’s stock worth $8,234,000 after acquiring an additional 248,200 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the completion of the sale, the insider owned 41,233,604 shares in the company, valued at $687,776,514.72. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TALO shares. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Citigroup boosted their price objective on shares of Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Roth Mkm restated a “neutral” rating and set a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. KeyCorp boosted their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, Mizuho boosted their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.20.

Talos Energy Stock Down 2.2%

TALO stock opened at $15.56 on Friday. The company has a fifty day moving average price of $14.44 and a 200 day moving average price of $12.26. Talos Energy Inc. has a 12 month low of $6.92 and a 12 month high of $17.00. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -5.48 and a beta of 0.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The business had revenue of $392.24 million during the quarter, compared to analysts’ expectations of $431.22 million. During the same quarter last year, the company earned $0.08 EPS. The firm’s revenue for the quarter was down 19.2% compared to the same quarter last year. Sell-side analysts expect that Talos Energy Inc. will post 0.21 earnings per share for the current 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.