Voya Investment Management LLC Cuts Holdings in Talos Energy Inc. $TALO

Key Points

• Voya Investment Management LLC significantly reduced its holdings in Talos Energy by 55.7%, selling 50,529 shares and now owning 40,225 shares valued at $391,000.
• Multiple institutional investors, including Comerica Bank and GAMMA Investing LLC, adjusted their positions in Talos Energy, highlighting a mixed sentiment among major stakeholders.
• An earnings report revealed that Talos Energy experienced a 22.7% decline in revenue year-over-year, with reported earnings per share of ($0.27), surpassing analyst estimates of ($0.33).

Voya Investment Management LLC lowered its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 55.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,225 shares of the company's stock after selling 50,529 shares during the period. Voya Investment Management LLC's holdings in Talos Energy were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TALO. Comerica Bank boosted its position in Talos Energy by 3.0% in the 1st quarter. Comerica Bank now owns 44,471 shares of the company's stock valued at $432,000 after buying an additional 1,298 shares during the period. GAMMA Investing LLC grew its position in shares of Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after buying an additional 2,501 shares during the last quarter. Royal Bank of Canada boosted its stake in Talos Energy by 11.8% during the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company's stock valued at $278,000 after purchasing an additional 3,007 shares during the period. Pinnacle Holdings LLC raised its holdings in shares of Talos Energy by 2.9% in the 1st quarter. Pinnacle Holdings LLC now owns 124,378 shares of the company's stock worth $1,209,000 after purchasing an additional 3,493 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company's stock valued at $838,000 after purchasing an additional 3,783 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TALO. Mizuho reaffirmed a "neutral" rating and issued a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Capital One Financial started coverage on Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price on the stock. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Trading Up 1.7%

Shares of TALO stock opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $1.79 billion, a PE ratio of -10.54 and a beta of 0.80. The stock's 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $8.52. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71.

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

About Talos Energy

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.

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