Vident Advisory LLC Buys Shares of 50,223 Talos Energy Inc. $TALO

Key Points

• Vident Advisory LLC has invested approximately $488,000 in Talos Energy, acquiring 50,223 shares during the 1st quarter.
• Several hedge funds have significantly increased their stakes in Talos Energy, with Ameriprise Financial boosting their ownership by 318.5% during the 4th quarter.
• Talos Energy's stock has a current consensus rating of "Moderate Buy" with an average target price of $14.25, according to recent analyst reports.

Vident Advisory LLC bought a new stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,223 shares of the company's stock, valued at approximately $488,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Talos Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company's stock valued at $97,127,000 after purchasing an additional 58,165 shares during the period. Sourcerock Group LLC lifted its position in Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after purchasing an additional 331,109 shares during the period. American Century Companies Inc. lifted its position in Talos Energy by 9.8% during the 1st quarter. American Century Companies Inc. now owns 4,861,119 shares of the company's stock valued at $47,250,000 after purchasing an additional 433,573 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Talos Energy by 11.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company's stock valued at $22,651,000 after purchasing an additional 230,119 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Talos Energy by 318.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock valued at $19,106,000 after purchasing an additional 1,497,472 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Talos Energy

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company's stock.

Talos Energy Trading Down 1.3%

NYSE TALO traded down $0.13 on Friday, reaching $9.63. The company had a trading volume of 1,845,292 shares, compared to its average volume of 2,224,307. The stock's 50 day moving average is $8.85 and its 200-day moving average is $8.45. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -9.93 and a beta of 0.80. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a 52 week low of $6.23 and a 52 week high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The firm had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company's revenue was down 22.7% on a year-over-year basis. Equities analysts predict that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on TALO. Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Capital One Financial began coverage on Talos Energy in a report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.25.

Talos Energy Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.