Geode Capital Management LLC Sells 195,224 Shares of Talos Energy Inc. (NYSE:TALO)

Geode Capital Management LLC reduced its position in Talos Energy Inc. (NYSE:TALO) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,168,694 shares of the company’s stock after selling 195,224 shares during the quarter. Geode Capital Management LLC owned approximately 1.76% of Talos Energy worth $32,802,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TALO. Dimensional Fund Advisors LP increased its holdings in Talos Energy by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after purchasing an additional 179,181 shares in the last quarter. Philosophy Capital Management LLC increased its stake in shares of Talos Energy by 37.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after acquiring an additional 841,414 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Talos Energy by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after acquiring an additional 619,169 shares during the period. HITE Hedge Asset Management LLC lifted its position in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after acquiring an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after acquiring an additional 1,724,014 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Mizuho cut their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price on the stock. BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Finally, Citigroup lifted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and an average price target of $16.28.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. This represents a 0.23 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.77% of the stock is currently owned by corporate insiders.

Talos Energy Price Performance

Talos Energy stock opened at $9.23 on Thursday. Talos Energy Inc. has a 52 week low of $8.89 and a 52 week high of $14.77. The company’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $11.02. The stock has a market cap of $1.66 billion, a P/E ratio of 17.09 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data 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). The business had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities analysts predict that Talos Energy Inc. will post -0.35 earnings per share for the current year.

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.