Talos Energy Inc. (NYSE:TALO) Shares Sold by Lido Advisors LLC

Lido Advisors LLC decreased its holdings in Talos Energy Inc. (NYSE:TALO) by 27.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,535 shares of the company’s stock after selling 9,200 shares during the quarter. Lido Advisors LLC’s holdings in Talos Energy were worth $340,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Swiss National Bank grew its stake in shares of Talos Energy by 97.2% in the second quarter. Swiss National Bank now owns 246,100 shares of the company’s stock worth $3,413,000 after acquiring an additional 121,300 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Talos Energy by 76.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 122,055 shares of the company’s stock worth $1,693,000 after purchasing an additional 52,988 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Talos Energy by 70.1% during the second quarter. Rhumbline Advisers now owns 333,535 shares of the company’s stock worth $4,626,000 after purchasing an additional 137,466 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Talos Energy by 56.0% during the second quarter. Principal Financial Group Inc. now owns 633,353 shares of the company’s stock worth $8,785,000 after purchasing an additional 227,474 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Talos Energy by 62.5% during the second quarter. Texas Permanent School Fund Corp now owns 95,068 shares of the company’s stock worth $1,319,000 after purchasing an additional 36,569 shares in the last quarter. Institutional investors and hedge funds own 97.11% of the company’s stock.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 140,251 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $14.20 per share, for a total transaction of $1,991,564.20. Following the completion of the purchase, the insider now owns 15,089,662 shares of the company’s stock, valued at $214,273,200.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TALO. Benchmark lowered their target price on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Roth Mkm reaffirmed a “buy” rating and set a $19.00 price objective on shares of Talos Energy in a report on Monday, August 14th. Finally, TheStreet raised Talos Energy from a “c+” rating to a “b-” rating in a report on Wednesday, July 26th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy has an average rating of “Buy” and an average price target of $20.80.

Talos Energy Stock Performance

Shares of TALO stock opened at $14.60 on Monday. The stock’s 50-day moving average is $15.64 and its two-hundred day moving average is $14.98. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 15.21 and a beta of 2.17. Talos Energy Inc. has a 1 year low of $10.69 and a 1 year high of $21.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.65 and a current ratio of 0.65.

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 activities. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.