Victory Capital Management Inc. Sells 5,569 Shares of Talos Energy Inc. (NYSE:TALO)

Victory Capital Management Inc. decreased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,829,125 shares of the company’s stock after selling 5,569 shares during the period. Victory Capital Management Inc. owned about 1.02% of Talos Energy worth $18,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TALO. Entropy Technologies LP raised its stake in shares of Talos Energy by 101.4% in the third quarter. Entropy Technologies LP now owns 42,149 shares of the company’s stock valued at $436,000 after acquiring an additional 21,225 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Talos Energy by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock worth $1,731,000 after acquiring an additional 3,961 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Talos Energy by 76.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company’s stock worth $1,135,000 after acquiring an additional 47,595 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in shares of Talos Energy by 8.6% in the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after acquiring an additional 1,740 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $11.41 on Tuesday. The firm has a fifty day moving average of $10.80 and a two-hundred day moving average of $11.30. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 21.13 and a beta of 1.92. Talos Energy Inc. has a 52 week low of $9.44 and a 52 week high of $14.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts predict that Talos Energy Inc. will post -0.2 EPS for the current year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital acquired 547,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the transaction, the insider now directly owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. This represents a 1.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders bought a total of 1,220,000 shares of company stock worth $13,135,560 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the topic of several recent analyst reports. Citigroup boosted their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp reduced their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Mizuho initiated coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective on the stock. BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.45.

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.