997,323 Shares in Talos Energy Inc. $TALO Acquired by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 997,323 Talos Energy shares worth approximately $12.9 million, representing about 0.60% of the company.
• Several other institutions also increased their positions, including BlackRock, Sourcerock Group, Nuveen and Federated Hermes; institutional investors collectively own 89.35% of Talos Energy.
• Talos exceeded quarterly expectations with earnings of $0.57 per share and revenue of $664.8 million, while analysts maintain a “Moderate Buy” consensus and an average price target of $18.50.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 997,323 shares of the company's stock, valued at approximately $12,875,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.60% of Talos Energy as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TALO. BlackRock Inc. purchased a new position in Talos Energy in the 2nd quarter worth approximately $256,801,000. Sourcerock Group LLC grew its position in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company's stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC grew its position in shares of Talos Energy by 341.7% in the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company's stock valued at $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Talos Energy in the second quarter valued at approximately $9,297,000. Finally, Federated Hermes Inc. increased its holdings in shares of Talos Energy by 2,347.6% in the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company's stock valued at $7,088,000 after purchasing an additional 616,951 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Trading Down 2.3%

TALO opened at $16.54 on Wednesday. The stock has a market capitalization of $2.76 billion, a PE ratio of -6.95 and a beta of 0.35. Talos Energy Inc. has a one year low of $8.87 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The business's 50 day moving average price is $14.62 and its 200 day moving average price is $14.56.

Talos Energy (NYSE:TALO - Get Free Report) last posted its 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. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The firm's quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities research analysts expect that Talos Energy Inc. will post 1.21 EPS for the current year.

Wall Street Analyst Weigh In

TALO has been the topic of a number of recent research reports. Mizuho boosted their price objective on Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings cut shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Stephens reissued an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

Talos Energy Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company's core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy's asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.

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