Corebridge Financial Inc. Has $729,000 Position in Talos Energy Inc. $TALO

Corebridge Financial Inc. reduced its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,027 shares of the company’s stock after selling 1,422 shares during the period. Corebridge Financial Inc.’s holdings in Talos Energy were worth $729,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Comerica Bank boosted its position in shares of Talos Energy by 3.0% during the 1st quarter. Comerica Bank now owns 44,471 shares of the company’s stock valued at $432,000 after acquiring an additional 1,298 shares in the last quarter. Pale Fire Capital SE acquired a new position in Talos Energy during the first quarter worth $1,003,000. Jump Financial LLC acquired a new position in Talos Energy during the first quarter worth $2,861,000. Hotchkis & Wiley Capital Management LLC raised its stake in Talos Energy by 4.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,390,910 shares of the company’s stock worth $13,520,000 after acquiring an additional 62,710 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in Talos Energy by 1,238.7% during the first quarter. AlphaQuest LLC now owns 13,534 shares of the company’s stock worth $132,000 after acquiring an additional 12,523 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Trading Down 2.5%

Shares of NYSE TALO opened at $9.46 on Friday. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $12.71. The company has a market cap of $1.65 billion, a PE ratio of -9.75 and a beta of 0.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $8.74 and a two-hundred day moving average of $8.43.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was down 22.7% on a year-over-year basis. As a group, equities analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Capital One Financial assumed coverage on shares of Talos Energy in a research report on Monday, June 16th. They issued an “overweight” rating and a $14.00 price target on the stock. Mizuho reduced their price target on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average price target of $14.25.

Insider Transactions at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

About Talos Energy

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.