Mutual of America Capital Management LLC Sells 6,999 Shares of Talos Energy Inc. (NYSE:TALO)

Mutual of America Capital Management LLC trimmed its stake in shares of Talos Energy Inc. (NYSE:TALO) by 27.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,696 shares of the company’s stock after selling 6,999 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Talos Energy were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after acquiring an additional 917 shares during the last quarter. US Bancorp DE raised its position in shares of Talos Energy by 113.3% during 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 during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after acquiring an additional 2,235 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new position in shares of Talos Energy during the third quarter worth about $118,000. Finally, CIBC Asset Management Inc increased its holdings in Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after purchasing an additional 1,838 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Up 0.4 %

TALO stock opened at $11.25 on Friday. The stock’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $11.24. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 1-year low of $9.44 and a 1-year high of $14.77. The stock has a market cap of $2.02 billion, a P/E ratio of 20.74 and a beta of 1.92.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Analysts expect that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital bought 547,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the purchase, the insider now directly owns 40,685,904 shares in the company, valued at $444,290,071.68. This represents a 1.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 1,220,000 shares of company stock worth $13,135,560 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Citigroup boosted their price objective on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. BMO Capital Markets decreased their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. KeyCorp decreased their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Mizuho started coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.06.

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.