SG Americas Securities LLC Reduces Stock Holdings in Talos Energy Inc. (NYSE:TALO)

SG Americas Securities LLC trimmed its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 77.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,485 shares of the company’s stock after selling 28,912 shares during the quarter. SG Americas Securities LLC’s holdings in Talos Energy were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in Talos Energy by 37.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,756 shares of the company’s stock valued at $29,000 after purchasing an additional 480 shares during the last quarter. US Bancorp DE grew its stake in Talos Energy by 39.2% during the 1st quarter. US Bancorp DE now owns 2,811 shares of the company’s stock valued at $44,000 after purchasing an additional 791 shares during the last quarter. Yousif Capital Management LLC grew its stake in Talos Energy by 2.4% during the 1st quarter. Yousif Capital Management LLC now owns 38,007 shares of the company’s stock valued at $600,000 after purchasing an additional 895 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Talos Energy by 13.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Talos Energy by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,612 shares of the company’s stock valued at $446,000 after purchasing an additional 943 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the acquisition, the insider now owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday, April 12th. Citigroup started coverage on Talos Energy in a report on Friday, March 22nd. They issued a “buy” rating and a $16.50 price objective for the company. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Stifel Nicolaus reissued a “buy” rating and issued a $17.00 price objective (down previously from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. Finally, KeyCorp decreased their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.19.

Talos Energy Stock Performance

NYSE TALO opened at $13.27 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 8.19 and a beta of 2.01. Talos Energy Inc. has a twelve month low of $10.69 and a twelve month high of $17.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $13.33 and a 200 day moving average of $13.86.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The business had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Sell-side analysts anticipate that Talos Energy Inc. will post -0.05 EPS for the current fiscal year.

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