Talos Energy Inc. $TALO Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd increased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 1,717.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 223,579 shares of the company’s stock after acquiring an additional 211,279 shares during the quarter. WINTON GROUP Ltd’s holdings in Talos Energy were worth $2,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TALO. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. Quarry LP purchased a new position in shares of Talos Energy in the 3rd quarter valued at $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Talos Energy in the 2nd quarter valued at $63,000. Finally, PNC Financial Services Group Inc. raised its stake in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Up 1.0%

Shares of Talos Energy stock opened at $17.71 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -7.44 and a beta of 0.36. Talos Energy Inc. has a 52-week low of $8.87 and a 52-week high of $18.44. The company’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $14.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same quarter in the previous year, the company earned ($0.27) EPS. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Talos Energy Inc. will post 1.4 earnings per share for the current year.

Insider Activity

In related news, insider Gregory Babcock sold 61,307 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the transaction, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. This represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John B. Spath sold 90,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the transaction, the insider owned 178,788 shares of the company’s stock, valued at $3,021,517.20. The trade was a 33.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 271,307 shares of company stock valued at $4,625,679 in the last three months. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TALO shares. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Monday. Stephens reissued an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Mizuho boosted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and an average price target of $18.71.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.