Counterpoint Mutual Funds LLC Sells 46,359 Shares of Talos Energy Inc. $TALO

Counterpoint Mutual Funds LLC cut its stake in Talos Energy Inc. (NYSE:TALO) by 63.8% in the first quarter, Holdings Channel.com reports. The firm owned 26,276 shares of the company’s stock after selling 46,359 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Talos Energy were worth $414,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sourcerock Group LLC lifted its holdings in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC grew its holdings in shares of Talos Energy by 341.7% during the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after buying an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. raised its position in Talos Energy by 2,347.6% in the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after buying an additional 616,951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after buying an additional 592,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Talos Energy by 61.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after acquiring an additional 572,628 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Trading Up 0.1%

Shares of Talos Energy stock opened at $13.60 on Friday. Talos Energy Inc. has a 12-month low of $7.67 and a 12-month high of $17.05. The stock has a market cap of $2.27 billion, a P/E ratio of -3.16 and a beta of 0.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $14.83 and its 200-day moving average is $13.57.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The business had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that Talos Energy Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. KeyCorp lifted their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Mizuho boosted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Weiss Ratings downgraded shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Talos Energy has a consensus rating of “Hold” and an average price target of $18.83.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the sale, the insider owned 40,460,036 shares in the company, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.36% of the company’s stock.

Talos Energy Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.