Intech Investment Management LLC Grows Stock Holdings in Talos Energy Inc. $TALO

Intech Investment Management LLC grew its position in shares of Talos Energy Inc. (NYSE:TALO) by 40.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,391 shares of the company’s stock after purchasing an additional 25,676 shares during the period. Intech Investment Management LLC’s holdings in Talos Energy were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp bought a new stake in Talos Energy in the 1st quarter worth approximately $241,000. XTX Topco Ltd raised its stake in shares of Talos Energy by 54.5% during the first quarter. XTX Topco Ltd now owns 78,863 shares of the company’s stock worth $767,000 after acquiring an additional 27,821 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Talos Energy by 91.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,969 shares of the company’s stock worth $146,000 after acquiring an additional 7,164 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Talos Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock worth $97,127,000 after acquiring an additional 58,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company’s stock valued at $22,651,000 after purchasing an additional 230,119 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TALO. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday. Mizuho reiterated a “neutral” rating and issued a $11.00 price objective on shares of Talos Energy in a report on Monday, September 15th. Finally, Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.50.

Talos Energy Price Performance

TALO stock opened at $11.34 on Thursday. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -11.69 and a beta of 0.75. The firm’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $9.15. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $11.64.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.23. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $450.05 million for the quarter, compared to analysts’ expectations of $421.73 million. During the same period last year, the firm earned ($0.14) earnings per share. Talos Energy’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, equities analysts predict that Talos Energy Inc. will post -0.44 earnings per share for the current year.

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.