Talos Energy Inc. $TALO Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Talos Energy Inc. (NYSE:TALO) by 40.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 230,978 shares of the company’s stock after selling 155,663 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Talos Energy worth $2,215,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its position in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new stake in Talos Energy in the third quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its position in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after purchasing an additional 5,236 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $15.91 on Tuesday. The company’s fifty day moving average is $13.58 and its two-hundred day moving average is $11.62. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $17.00. The company has a market cap of $2.68 billion, a P/E ratio of -5.60 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same period last year, the firm earned $0.08 earnings per share. Talos Energy’s revenue for the quarter was down 19.2% compared to the same quarter last year. Equities analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho upped their target price on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Citigroup upped their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, KeyCorp upped their price target on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has an average rating of “Hold” and an average price target of $17.50.

Talos Energy Company 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.