WINTON GROUP Ltd Increases Position in Talos Energy Inc. $TALO

Key Points

• WINTON GROUP Ltd increased its Talos Energy stake by 1,717.7% in the second quarter, ending with 223,579 shares valued at approximately $2.9 million. Institutional investors collectively own 89.35% of the company.
• Talos Energy insiders sold 271,307 shares worth about $4.6 million over the past 90 days, including sizable sales by William S. Moss III and John B. Spath.
• The company exceeded quarterly expectations, reporting $0.57 in EPS versus the $0.36 consensus and $664.81 million in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $18.71.

WINTON GROUP Ltd raised its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 1,717.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 223,579 shares of the company's stock after acquiring an additional 211,279 shares during the period. WINTON GROUP Ltd owned approximately 0.13% of Talos Energy worth $2,886,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew 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 valued at $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 134.4% during the second 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 Talos Energy during the third quarter worth $36,000. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake 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 worth $56,000 after acquiring an additional 5,236 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Talos Energy

In other news, insider William S. Moss III sold 120,000 shares of Talos Energy stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total value of $2,078,400.00. Following the completion of the transaction, the insider owned 305,117 shares in the company, valued at approximately $5,284,626.44. This trade represents a 28.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John B. Spath sold 90,000 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the transaction, the insider directly owned 178,788 shares of the company's stock, valued at approximately $3,021,517.20. This represents a 33.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 271,307 shares of company stock valued at $4,625,679 in the last 90 days. Company insiders own 0.51% of the company's stock.

Talos Energy Stock Performance

Shares of TALO stock opened at $17.71 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $2.96 billion, a P/E ratio of -7.44 and a beta of 0.36. The firm's 50 day moving average price is $15.54 and its 200-day moving average price is $14.92. Talos Energy Inc. has a one year low of $8.87 and a one year high of $18.44.

Talos Energy (NYSE:TALO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (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 firm's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.27) earnings per share. As a group, equities research analysts predict that Talos Energy Inc. will post 1.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Roth Capital raised 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 report on Wednesday, July 1st. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Stephens restated an "overweight" rating and set a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Weiss Ratings lowered shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Finally, Mizuho upped their price objective on Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.71.

Talos Energy Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.

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