Rafferty Asset Management LLC Reduces Stake in Talos Energy Inc. (NYSE:TALO)

Rafferty Asset Management LLC trimmed its stake in Talos Energy Inc. (NYSE:TALOFree Report) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,703 shares of the company’s stock after selling 47,645 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.15% of Talos Energy worth $2,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TALO. Dimensional Fund Advisors LP raised its position in shares of Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock valued at $89,474,000 after purchasing an additional 669,552 shares during the period. Sourcerock Group LLC raised its position in shares of Talos Energy by 9.7% in the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock valued at $103,160,000 after purchasing an additional 552,423 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Talos Energy by 17.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock valued at $55,896,000 after purchasing an additional 500,000 shares during the period. American Century Companies Inc. raised its position in shares of Talos Energy by 18.3% in the third quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock valued at $22,848,000 after purchasing an additional 215,065 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Talos Energy by 35.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 632,015 shares of the company’s stock valued at $8,994,000 after purchasing an additional 165,753 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $10.66 on Friday. The company’s fifty day moving average price is $12.80 and its 200-day moving average price is $13.14. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 152.29 and a beta of 1.92. Talos Energy Inc. has a one year low of $10.53 and a one year high of $17.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78.

Talos Energy (NYSE:TALOGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. The firm had revenue of $429.93 million for the quarter, compared to analyst estimates of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. On average, equities research analysts anticipate that Talos Energy Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 468,729 shares of Talos Energy stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 in the company, valued at $449,714,832.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 818,729 shares of company stock valued at $10,008,169 in the last quarter. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TALO shares. Stephens lowered their price target on shares of Talos Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 7th. KeyCorp upped their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Benchmark decreased their target price on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, Citigroup began coverage on shares of Talos Energy in a report on Friday, March 22nd. They set a “buy” rating and a $16.50 target price on the stock. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy currently has an average rating of “Buy” and an average target price of $20.94.

Check Out Our Latest Stock Report on TALO

Talos Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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