Empowered Funds LLC Raises Holdings in Talos Energy Inc. $TALO

Key Points

• Empowered Funds LLC increased its stake in Talos Energy by 11% during the first quarter, purchasing an additional 118,385 shares, bringing its total ownership to approximately $11.6 million.
• Talos Energy reported a quarterly earnings loss of ($0.27) per share, exceeding expectations, but noted a 22.7% decline in revenue year-over-year.
• Institutional investors now hold 89.35% of Talos Energy's stock, with several funds significantly increasing their positions in recent quarters.

Empowered Funds LLC grew its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,196,062 shares of the company's stock after purchasing an additional 118,385 shares during the period. Empowered Funds LLC owned approximately 0.67% of Talos Energy worth $11,626,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TALO. Ameriprise Financial Inc. lifted its stake in shares of Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock valued at $19,106,000 after purchasing an additional 1,497,472 shares during the last quarter. Janus Henderson Group PLC boosted 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 valued at $7,699,000 after acquiring an additional 732,904 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Talos Energy during the 1st quarter valued at $5,327,000. Philosophy Capital Management LLC boosted its holdings in Talos Energy by 11.5% during the 1st quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company's stock valued at $41,322,000 after acquiring an additional 437,788 shares during the period. Finally, American Century Companies Inc. raised its position in Talos Energy by 9.8% during the 1st quarter. American Century Companies Inc. now owns 4,861,119 shares of the company's stock valued at $47,250,000 after purchasing an additional 433,573 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Price Performance

Shares of NYSE TALO traded down $0.05 during midday trading on Monday, hitting $9.56. The stock had a trading volume of 544,843 shares, compared to its average volume of 2,286,451. The company has a market capitalization of $1.67 billion, a PE ratio of -9.82 and a beta of 0.79. The stock has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $8.45. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The firm had revenue of $424.72 million for the quarter, compared to the consensus estimate of $443.53 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm's revenue was down 22.7% compared to the same quarter last year. On average, sell-side analysts expect that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TALO. Capital One Financial assumed coverage on Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price for the company. Mizuho restated a "neutral" rating and set a $11.00 target price on shares of Talos Energy in a research note on Monday. Finally, Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

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.