The Manufacturers Life Insurance Company Sells 3,159 Shares of Talos Energy Inc. (NYSE:TALO)

The Manufacturers Life Insurance Company decreased its holdings in Talos Energy Inc. (NYSE:TALO) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,412 shares of the company’s stock after selling 3,159 shares during the period. The Manufacturers Life Insurance Company’s holdings in Talos Energy were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TALO. Signaturefd LLC raised its position in Talos Energy by 51.9% in 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. US Bancorp DE raised its position in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the period. Nisa Investment Advisors LLC raised its position in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares during the period. Regent Peak Wealth Advisors LLC purchased a new stake in Talos Energy in the 3rd quarter worth about $118,000. Finally, CIBC Asset Management Inc raised its position in Talos Energy by 13.8% in the 2nd 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 during the period. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TALO shares. Mizuho started coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup raised their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp reduced their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reduced their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital bought 250,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was bought at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the purchase, the insider now directly owns 43,108,904 shares in the company, valued at approximately $453,505,670.08. The trade was a 0.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Talos Energy Price Performance

NYSE TALO opened at $9.96 on Friday. 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 firm’s 50 day moving average price is $10.75 and its 200-day moving average price is $11.12. Talos Energy Inc. has a 52-week low of $9.44 and a 52-week high of $14.77. The company has a market cap of $1.79 billion, a PE ratio of 18.44 and a beta of 1.92.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. Sell-side analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current fiscal 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.