American Century Companies Inc. Buys 433,573 Shares of Talos Energy Inc. $TALO

Key Points

• American Century Companies Inc. increased its stake in Talos Energy Inc. by 9.8%, acquiring 433,573 shares to reach a total of 4,861,119 shares, valued at approximately $47.25 million.
• Other institutional partnerships, such as Ameriprise Financial, also significantly boosted their investments in Talos Energy during the fourth quarter, contributing to institutional ownership taking up 89.35% of the company's stock.
• Talos Energy reported a quarterly loss of ($0.27) EPS, surpassing analyst estimates while experiencing a 22.7% decline in revenue year-over-year.

American Century Companies Inc. increased its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,861,119 shares of the company's stock after buying an additional 433,573 shares during the period. American Century Companies Inc. owned about 2.72% of Talos Energy worth $47,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Talos Energy by 318.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after purchasing an additional 1,497,472 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock worth $74,964,000 after buying an additional 763,631 shares during the period. Janus Henderson Group PLC lifted its holdings in Talos Energy by 1,229.2% during the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company's stock worth $7,699,000 after buying an additional 732,904 shares during the period. Nuveen LLC bought a new stake in shares of Talos Energy in the 1st quarter valued at about $3,544,000. Finally, Sourcerock Group LLC increased its stake in shares of Talos Energy by 3.6% in the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after buying an additional 331,109 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TALO has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Mizuho reduced their price target on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Capital One Financial assumed coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Stock Up 7.5%

NYSE:TALO traded up $0.6550 on Friday, hitting $9.3450. The stock had a trading volume of 3,892,001 shares, compared to its average volume of 2,623,103. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $1.63 billion, a P/E ratio of -9.63 and a beta of 0.81. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The firm's fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $8.41.

Talos Energy (NYSE:TALO - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same period in the prior year, the firm earned $0.03 EPS. The company's revenue was down 22.7% compared to the same quarter last year. Analysts predict that Talos Energy Inc. will post -0.44 earnings per share for the current 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.