Congress Asset Management Co. Sells 2,837 Shares of Talos Energy Inc. (NYSE:TALO)

Congress Asset Management Co. lessened its stake in Talos Energy Inc. (NYSE:TALO) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 355,943 shares of the company’s stock after selling 2,837 shares during the quarter. Congress Asset Management Co. owned approximately 0.20% of Talos Energy worth $3,684,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy during the 1st quarter valued at $77,977,000. Vanguard Group Inc. lifted its holdings in Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 purchasing an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Talos Energy in the second quarter worth about $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Talos Energy in the second quarter valued at approximately $13,693,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TALO. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Stephens reiterated an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Friday, September 27th. Mizuho started coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, BMO Capital Markets decreased their price target on 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $18.65.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 547,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $10.92 per share, with a total value 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 approximately $444,290,071.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 1,563,000 shares of company stock valued at $16,562,130 over the last 90 days. 0.77% of the stock is owned by insiders.

Talos Energy Stock Down 1.4 %

Shares of NYSE TALO opened at $10.08 on Friday. The business has a 50-day moving average of $10.80 and a 200-day moving average of $11.51. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 335.00 and a beta of 1.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Talos Energy Inc. has a 12 month low of $9.44 and a 12 month high of $15.92.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. The business had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Sell-side analysts expect that Talos Energy Inc. will post -0.2 earnings per share 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.