Principal Financial Group Inc. Trims Stock Position in Talos Energy Inc. (NYSE:TALO)

Principal Financial Group Inc. trimmed its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 23.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,651 shares of the company’s stock after selling 182,674 shares during the period. Principal Financial Group Inc. owned about 0.32% of Talos Energy worth $6,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TALO. Signaturefd LLC lifted its stake in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the period. Everence Capital Management Inc. grew its stake in Talos Energy by 8.6% during the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares during the period. US Bancorp DE increased its position in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares in the last quarter. CIBC Asset Management Inc raised its position in Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

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

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $11.44 on Thursday. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $14.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day moving average of $10.82 and a 200-day moving average of $11.29. The firm has a market cap of $2.06 billion, a PE ratio of 21.19 and a beta of 1.92.

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

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital acquired 323,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the transaction, the insider now owns 42,858,904 shares of the company’s stock, valued at $464,590,519.36. The trade was a 0.76 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 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.

Talos Energy Company 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.