Man Group plc Purchases New Position in Talos Energy Inc. $TALO

Key Points

• Man Group plc acquired 863,808 Talos Energy shares in the second quarter, valued at approximately $11.15 million and representing about 0.52% of the company. Institutional investors collectively own 89.35% of TALO.
• Analyst sentiment is broadly positive, with Talos carrying a “Moderate Buy” consensus rating and an average price target of $18.50, despite mixed recent rating changes.
• Talos reported quarterly EPS of $0.57, beating expectations of $0.36, while revenue rose 56.5% year over year to $664.81 million. Shares opened at $16.70, near the upper end of their 52-week range.

Man Group plc purchased a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 863,808 shares of the company's stock, valued at approximately $11,152,000. Man Group plc owned approximately 0.52% of Talos Energy at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TALO. Smartleaf Asset Management LLC increased its position in shares of Talos Energy by 134.4% during the 2nd 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 last quarter. Larson Financial Group LLC lifted its stake in Talos Energy by 142.9% in 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 last quarter. Quarry LP bought a new stake in Talos Energy in the third quarter worth about $36,000. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock valued at $54,000 after acquiring an additional 1,049 shares during the period. 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 worth $56,000 after purchasing an additional 5,236 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on TALO. Citigroup dropped their price objective on Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Mizuho boosted their target price 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.50.

Talos Energy Stock Down 0.2%

Shares of TALO opened at $16.70 on Friday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -7.02 and a beta of 0.35. Talos Energy Inc. has a 52 week low of $8.87 and a 52 week high of $18.44. The stock's 50-day moving average price is $14.80 and its 200-day moving average price is $14.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. On average, sell-side analysts predict that Talos Energy Inc. will post 1.21 EPS for the current year.

About Talos Energy

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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