UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $29 Million Holdings in Talos Energy Inc. $TALO

Key Points

• UBS AM reduced its Talos Energy stake by 7.6% in the second quarter, selling 184,178 shares while retaining 2.25 million shares valued at approximately $29 million. Institutional investors collectively own 89.35% of the company.
• Analyst sentiment remains generally positive, with Talos receiving a consensus “Moderate Buy” rating and an average price target of $18.50. Recent targets include $18 from Citigroup and $20 from Stephens.
• Talos reported quarterly EPS of $0.57, exceeding the $0.36 consensus estimate, while revenue rose 56.5% year over year to $664.8 million. However, insiders recently sold shares, and the company continues to report negative net margins and return on equity.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,246,238 shares of the company's stock after selling 184,178 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.35% of Talos Energy worth $28,999,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock valued at $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 worth $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in shares of Talos Energy during the 3rd quarter worth about $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock valued at $56,000 after acquiring an additional 5,236 shares in the last quarter. Institutional investors own 89.35% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TALO. Stephens reiterated an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Citigroup lowered their price target on Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

Talos Energy Stock Down 0.1%

Talos Energy stock opened at $17.21 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company's 50-day moving average is $15.07 and its 200-day moving average is $14.76. The firm has a market capitalization of $2.87 billion, a PE ratio of -7.23 and a beta of 0.36. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44.

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

Insider Activity at Talos Energy

In other news, insider John B. Spath sold 90,000 shares of Talos Energy stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the completion of the transaction, the insider directly owned 178,788 shares in the company, valued at approximately $3,021,517.20. The trade was a 33.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gregory Babcock sold 61,307 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares in the company, valued at approximately $1,414,680.66. This trade represents a 42.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by corporate 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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