Empowered Funds LLC Has $10.71 Million Stake in Talos Energy Inc. (NYSE:TALO)

Empowered Funds LLC boosted its position in shares of Talos Energy Inc. (NYSE:TALO) by 22.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,071 shares of the company’s stock after acquiring an additional 189,228 shares during the quarter. Empowered Funds LLC owned 0.57% of Talos Energy worth $10,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TALO. Invesco Senior Secured Management Inc. ADV acquired a new position in shares of Talos Energy during the 1st quarter worth approximately $77,977,000. Vanguard Group Inc. increased its holdings in shares of Talos Energy by 23.7% in 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. raised its position in shares of Talos Energy by 1,557.7% in the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC bought a new position in shares of Talos Energy in the second quarter valued at about $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Talos Energy during the 2nd quarter worth about $13,693,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TALO. KeyCorp lowered their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Citigroup lifted their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group started coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective on the stock. Mizuho initiated coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.45.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital purchased 547,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now owns 40,685,904 shares of the company’s stock, valued at approximately $444,290,071.68. This represents a 1.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 1,220,000 shares of company stock valued at $13,135,560 over the last ninety days. 0.77% of the stock is owned by corporate insiders.

Talos Energy Trading Down 3.3 %

Shares of Talos Energy stock opened at $11.28 on Friday. The firm’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $11.34. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 12-month low of $9.44 and a 12-month high of $14.80.

Talos Energy (NYSE:TALO) last posted its quarterly 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). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm 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 business posted $0.14 EPS. The business’s revenue was up 32.9% on a year-over-year basis. On average, analysts forecast that Talos Energy Inc. will post -0.2 earnings per share for the current fiscal 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.