Assenagon Asset Management S.A. Takes $3.29 Million Position in Talos Energy Inc. $TALO

Key Points

• Assenagon Asset Management acquired 255,256 Talos Energy shares worth approximately $3.29 million, taking a roughly 0.15% stake. Institutional investors collectively own 89.35% of the company.
• Talos Energy reported stronger-than-expected quarterly results, with EPS of $0.57 versus the $0.36 consensus estimate and revenue of $664.81 million, up 56.5% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $18.50 versus the stock’s reported $15.45 price.

Assenagon Asset Management S.A. acquired a new position in Talos Energy Inc. (NYSE:TALO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 255,256 shares of the company's stock, valued at approximately $3,295,000. Assenagon Asset Management S.A. owned about 0.15% of Talos Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new position in shares of Talos Energy in the third quarter valued at approximately $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock valued at $54,000 after purchasing an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock valued at $56,000 after purchasing an additional 5,236 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of TALO opened at $15.45 on Friday. The company's 50 day simple moving average is $14.28 and its 200-day simple moving average is $14.28. The firm has a market cap of $2.58 billion, a PE ratio of -6.49 and a beta of 0.35. Talos Energy Inc. has a 12-month low of $8.01 and a 12-month high of $17.05. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. Talos Energy's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, equities analysts predict that Talos Energy Inc. will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TALO shares. JPMorgan Chase & Co. increased their target price on shares of Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Stephens restated an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Mizuho lifted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Talos Energy has an average rating of "Moderate Buy" and an average target price of $18.50.

Insider Activity

In other news, insider Control Empresarial De Capital sold 339,568 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the sale, the insider owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.51% of the company's stock.

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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