Creative Planning Grows Stock Position in Talos Energy Inc. (NYSE:TALO)

Creative Planning raised its stake in shares of Talos Energy Inc. (NYSE:TALO) by 47.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 29,083 shares of the company’s stock after buying an additional 9,315 shares during the period. Creative Planning’s holdings in Talos Energy were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Talos Energy by 2.8% in 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 in the last quarter. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy in the 1st quarter valued at about $77,977,000. American Century Companies Inc. increased its stake in shares of Talos Energy by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after purchasing an additional 619,169 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in shares of Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Friday, September 27th. Stephens reiterated an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a research note on Wednesday, July 10th. Mizuho began coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price for the company. Finally, BMO Capital Markets reduced their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 306,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $11.50 per share, for a total transaction of $3,519,000.00. Following the completion of the transaction, the insider now directly owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 2,119,000 shares of company stock worth $22,931,130 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Talos Energy Price Performance

TALO stock opened at $9.75 on Friday. 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 business has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $11.80. The firm has a market capitalization of $1.76 billion, a PE ratio of 324.83 and a beta of 1.93. Talos Energy Inc. has a 1 year low of $9.54 and a 1 year high of $16.99.

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

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.