Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,700,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,700,000 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $17.51, for a total transaction of $47,277,000.00. Following the sale, the insider directly owned 29,659,036 shares in the company, valued at $519,329,720.36. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Control Empresarial De Capital also recently made the following trade(s):

• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80.
• On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The stock was sold at an average price of $17.25, for a total transaction of $37,950,000.00.
• On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The stock was sold at an average price of $17.08, for a total transaction of $29,548,400.00.
• On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The stock was sold at an average price of $17.03, for a total transaction of $39,339,300.00.
• On Tuesday, October 6th, Control Empresarial De Capital sold 480,000 shares of Talos Energy stock. The stock was sold at an average price of $16.96, for a total transaction of $8,140,800.00.
• On Tuesday, September 15th, Control Empresarial De Capital sold 1,381,000 shares of Talos Energy stock. The shares were sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Trading Down 0.6%

NYSE:TALO opened at $16.93 on Friday. The company’s 50 day moving average price is $16.78 and its 200-day moving average price is $15.45. Talos Energy Inc. has a 52 week low of $8.97 and a 52 week high of $18.73. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -7.11 and a beta of 0.42.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.27) earnings per share. On average, equities research analysts forecast that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Institutional Trading of Talos Energy

A number of hedge funds have recently bought and sold shares of TALO. Fortitude Family Office LLC boosted its position in Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after purchasing an additional 4,336 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Talos Energy by 317.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the period. Congress Asset Management Co. grew its stake in shares of Talos Energy by 22.1% during the 3rd quarter. Congress Asset Management Co. now owns 620,253 shares of the company’s stock valued at $10,129,000 after purchasing an additional 112,239 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock valued at $381,000 after purchasing an additional 1,170 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Talos Energy by 1,717.7% during the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after purchasing an additional 211,279 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

TALO has been the subject of several recent analyst reports. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. KeyCorp upped their price target on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.

Talos Energy News Summary

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Citigroup raised its Talos Energy price target from $18 to $21 and upgraded the stock to “buy,” implying roughly 24% upside from the referenced price. The higher target supports the bullish case for TALO. Benzinga analyst update
• Positive Sentiment: Talos previously reported stronger-than-expected quarterly results, including earnings per share of $0.57 versus the $0.36 consensus estimate and revenue growth of 56.5% year over year. Analysts expect approximately $1.40 in full-year EPS.
• Neutral Sentiment: Institutional ownership remains high at approximately 89%, with BlackRock, Canada Pension Plan Investment Board and other funds establishing sizable positions during the second quarter. This indicates continued institutional interest, although it does not offset the recent insider selling pressure.
• Negative Sentiment: Control Empresarial De Capital sold 2.7 million TALO shares on October 13 for approximately $47.3 million and another 265,446 shares on October 14 for about $4.6 million. The sales reduced its direct ownership to roughly 29.4 million shares. SEC insider transaction filing
• Negative Sentiment: These transactions follow additional sales of 2.2 million shares on October 12, 1.73 million on October 9 and 2.31 million on October 8. In total, the disclosed October sales represent more than 9 million shares and approximately $158 million in proceeds, creating a meaningful supply overhang and signaling that a large holder is reducing exposure.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.