582,562 Shares of Talos Energy Inc. $TALO Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 582,562 Talos Energy shares worth approximately $9.5 million, representing about 0.35% of the company and 0.8% of the fund’s portfolio.
• Institutional investors own approximately 89.35% of Talos Energy, while insiders sold $197.0 million of stock over the past 90 days.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $19.43; Talos recently exceeded quarterly EPS and revenue expectations.

Counterpoint Mutual Funds LLC acquired a new stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 582,562 shares of the company's stock, valued at approximately $9,513,000. Talos Energy makes up about 0.8% of Counterpoint Mutual Funds LLC's portfolio, making the stock its 28th biggest position. Counterpoint Mutual Funds LLC owned approximately 0.35% of Talos Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Talos Energy in the 2nd quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP grew its stake in Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock worth $149,234,000 after purchasing an additional 501,552 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Talos Energy in the second quarter worth $51,874,000. Webs Creek Capital Management LP bought a new position in Talos Energy in the second quarter worth $27,039,375. Finally, Empowered Funds LLC raised its holdings in Talos Energy by 3.4% in the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company's stock worth $18,165,000 after purchasing an additional 37,689 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TALO. KeyCorp lifted their price target on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, September 15th. The Goldman Sachs Group reissued a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research note on Monday, September 7th. Stephens restated an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Finally, Citigroup raised their target price on shares of Talos Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.43.

Insider Activity

In other news, insider Gregory Babcock sold 61,307 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the sale, the insider owned 84,509 shares in the company, valued at $1,414,680.66. This represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William S. Moss III sold 120,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the transaction, the insider owned 305,117 shares of the company's stock, valued at approximately $5,284,626.44. The trade was a 28.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,337,753 shares of company stock valued at $197,049,515 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $17.73 on Friday. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The business has a fifty day moving average price of $16.85 and a 200-day moving average price of $15.46. The company has a market capitalization of $2.96 billion, a PE ratio of -7.45 and a beta of 0.42.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. Talos Energy's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) EPS. As a group, equities analysts expect that Talos Energy Inc. will post 1.73 EPS for the current fiscal year.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.

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