Talos Energy Inc. $TALO Shares Sold by Mackay Shields LLC

Key Points

• Mackay Shields trimmed its Talos stake by 2.9%, selling 90,000 shares and leaving it with 3,008,435 shares (about 1.77% of the company) valued at roughly $33.15 million.
• An insider sale by Control Empresarial de Capital sold 1,352,000 shares at $16.68 for $22.55 million, cutting its position by 3.17% while still owning 41,233,604 shares.
• Talos posted a fourth-quarter EPS miss (loss of $0.44 vs. $0.27 expected) and revenue down 19.2% YoY; the stock trades near $14.88 with a $2.49 billion market cap and a consensus analyst rating of "Hold" (target $17.20).

Mackay Shields LLC lowered its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,008,435 shares of the company's stock after selling 90,000 shares during the period. Mackay Shields LLC owned approximately 1.77% of Talos Energy worth $33,153,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TALO. Smartleaf Asset Management LLC increased its position 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 worth $32,000 after acquiring an additional 2,123 shares in the last quarter. Larson Financial Group LLC increased its position in shares of 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 acquiring an additional 1,942 shares in the last quarter. Quarry LP acquired a new stake in shares of Talos Energy in the third quarter worth $36,000. PNC Financial Services Group Inc. increased its position 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 worth $54,000 after acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 5,236 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Trading Down 2.3%

NYSE TALO opened at $14.88 on Friday. Talos Energy Inc. has a 12 month low of $6.76 and a 12 month high of $17.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -5.24 and a beta of 0.35. The company's fifty day moving average price is $14.24 and its two-hundred day moving average price is $12.08.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company had revenue of $392.24 million for the quarter, compared to the consensus estimate of $431.22 million. During the same quarter last year, the company earned $0.08 earnings per share. The company's revenue was down 19.2% compared to the same quarter last year. As a group, research analysts predict that Talos Energy Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the transaction, the insider directly owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TALO. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Mizuho increased their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. Roth Mkm reaffirmed a "neutral" rating and set a $16.00 price target (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. KeyCorp raised their price target on shares of Talos Energy from $15.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Finally, Benchmark lowered shares of Talos Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Talos Energy has a consensus rating of "Hold" and a consensus target price of $17.20.

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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