Quantinno Capital Management LP Has $2.32 Million Holdings in Talos Energy Inc. $TALO

Key Points

• Quantinno Capital Management increased its Talos Energy stake by 152% in the first quarter, holding 147,472 shares worth approximately $2.32 million. Institutional investors 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. Despite the earnings beat, the company posted a negative net margin of 20.46%.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and an average price target of $18.50 versus its recent opening price of $15.54. Price targets from individual firms range from $17 to $20.

Quantinno Capital Management LP boosted its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 152.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,472 shares of the company's stock after purchasing an additional 88,950 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Talos Energy worth $2,324,000 as of its most recent SEC filing.

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

Talos Energy Price Performance

Shares of NYSE TALO opened at $15.54 on Tuesday. The company has a fifty day moving average price of $14.26 and a 200 day moving average price of $14.19. The firm has a market cap of $2.59 billion, a PE ratio of -6.53 and a beta of 0.35. 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 Inc. has a 1-year low of $7.79 and a 1-year high of $17.05.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) earnings per share. Research analysts predict that Talos Energy Inc. will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TALO. Stephens reaffirmed an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Mizuho lifted their price target 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. Roth Capital upgraded shares of Talos Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup decreased their target price 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. Finally, Weiss Ratings downgraded Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $18.50.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the business'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 value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.51% of the company's stock.

Talos Energy Company 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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