Legal & General Group Plc Invests $3.55 Million in Talos Energy Inc. $TALO

Key Points

• Legal & General Group acquired 274,689 Talos Energy shares worth approximately $3.55 million, taking a 0.16% stake. Institutional investors and hedge funds collectively own 89.35% of the company.
• Talos Energy reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. Shares opened at $16.84, down 2.6%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $18.50, although insiders sold 271,307 shares worth about $4.63 million during the past 90 days.

Legal & General Group Plc bought a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 274,689 shares of the company's stock, valued at approximately $3,546,000. Legal & General Group Plc owned about 0.16% of Talos Energy as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in Talos Energy during the 2nd quarter worth about $867,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy in the second quarter valued at about $27,039,375. Algert Global LLC boosted its holdings in Talos Energy by 52.4% during the second quarter. Algert Global LLC now owns 699,680 shares of the company's stock worth $9,033,000 after buying an additional 240,490 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Talos Energy during the 2nd quarter worth approximately $12,875,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Talos Energy in the 2nd quarter worth approximately $1,599,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Down 2.6%

Shares of NYSE TALO opened at $16.84 on Friday. The firm has a market cap of $2.81 billion, a P/E ratio of -7.08 and a beta of 0.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a 1 year low of $8.87 and a 1 year high of $18.44. The firm's 50 day moving average price is $15.14 and its 200 day moving average price is $14.78.

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

Analyst Ratings Changes

TALO has been the topic of a number of research analyst reports. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Citigroup cut their price target on Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Weiss Ratings cut shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Finally, Mizuho upped their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider John B. Spath sold 90,000 shares of Talos Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the sale, the insider owned 178,788 shares in the company, valued at $3,021,517.20. The trade was a 33.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gregory Babcock sold 61,307 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 84,509 shares of the company's stock, valued at approximately $1,414,680.66. This represents a 42.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 271,307 shares of company stock worth $4,625,679 in the last 90 days. 0.51% of the stock is owned by company insiders.

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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