US Bancorp DE Buys 1,827 Shares of Talos Energy Inc. (NYSE:TALO)

US Bancorp DE raised its stake in shares of Talos Energy Inc. (NYSE:TALO) by 113.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,440 shares of the company’s stock after purchasing an additional 1,827 shares during the period. US Bancorp DE’s holdings in Talos Energy were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Natixis purchased a new position in Talos Energy during the 1st quarter valued at approximately $768,000. Vanguard Group Inc. boosted its position in shares of Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after acquiring an additional 1,873,537 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Talos Energy by 37.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock valued at $10,696,000 after purchasing an additional 239,996 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in Talos Energy in the second quarter worth $18,832,000. Finally, HITE Hedge Asset Management LLC raised its stake in Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 547,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $10.92 per share, with a total value of $5,973,240.00. Following the transaction, the insider now owns 40,685,904 shares of the company’s stock, valued at $444,290,071.68. The trade was a 1.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp dropped their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Mizuho started coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective for the company. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Finally, Citigroup increased their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Talos Energy Trading Up 1.2 %

TALO stock opened at $11.41 on Tuesday. Talos Energy Inc. has a 12 month low of $9.44 and a 12 month high of $14.80. The firm’s 50-day moving average is $10.80 and its 200 day moving average is $11.30. The company has a market capitalization of $2.05 billion, a PE ratio of 21.13 and a beta of 1.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 32.9% on a year-over-year basis. On average, research analysts anticipate that Talos Energy Inc. will post -0.2 EPS for the current 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.