Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $21,996,000.00 in Stock

Key Points

• Control Empresarial De Capital sold 1.2 million Talos Energy shares at an average price of $18.33, generating $21.996 million. The sale reduced its ownership by 5.53% to 20.49 million shares.
• The transaction continues a broader insider-selling pattern, with the insider selling more than 18 million shares in additional transactions during October.
• Talos Energy shares recently traded at $17.87, near their 52-week high, while the company’s latest quarterly results exceeded expectations. Analysts maintain a consensus “Hold” rating with an average price target of $19.71.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 1,200,000 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $18.33, for a total transaction of $21,996,000.00. Following the completion of the transaction, the insider owned 20,491,414 shares in the company, valued at approximately $375,607,618.62. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Control Empresarial De Capital also recently made the following trade(s):

• On Tuesday, October 27th, Control Empresarial De Capital sold 308,586 shares of Talos Energy stock. The shares were sold at an average price of $18.50, for a total value of $5,708,841.00.
• On Friday, October 23rd, Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total value of $45,825,000.00.
• On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The shares were sold at an average price of $18.01, for a total transaction of $38,570,035.90.
• On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.19, for a total transaction of $46,413,000.00.
• On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00.
• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total value of $4,592,215.80.
• On Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.51, for a total value of $47,277,000.00.
• On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The shares were sold at an average price of $17.25, for a total transaction of $37,950,000.00.
• On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The stock was sold at an average price of $17.08, for a total transaction of $29,548,400.00.
• On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were sold at an average price of $17.03, for a total value of $39,339,300.00.

Talos Energy Stock Performance

Talos Energy stock traded down $0.34 during trading on Thursday, hitting $17.87. The stock had a trading volume of 4,598,867 shares, compared to its average volume of 2,284,653. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of -7.51 and a beta of 0.42. Talos Energy Inc. has a 1 year low of $9.35 and a 1 year high of $18.76. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average is $17.20 and its two-hundred day moving average is $14.89.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during 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 company's quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) EPS. As a group, analysts predict that Talos Energy Inc. will post 1.58 EPS for the current year.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Talos Energy during the 2nd quarter valued at about $256,801,000. Dimensional Fund Advisors LP grew its position in shares of Talos Energy by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock worth $149,234,000 after buying an additional 501,552 shares during the period. Canada Pension Plan Investment Board bought a new stake in Talos Energy in the 2nd quarter valued at $51,874,000. Webs Creek Capital Management LP bought a new position in Talos Energy in the second quarter valued at approximately $27,039,375. Finally, Empowered Funds LLC raised its position in shares of Talos Energy by 3.4% in the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company's stock valued at $18,165,000 after purchasing an additional 37,689 shares during the period. Institutional investors own 89.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TALO shares. Weiss Ratings cut Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Stephens reiterated an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. KeyCorp boosted their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, September 15th. The Goldman Sachs Group restated a "buy" rating and set a $22.00 price objective on shares of Talos Energy in a research report on Tuesday. Finally, Citigroup upped their price target on Talos Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Talos Energy presently has a consensus rating of "Hold" and an average price target of $19.71.

Talos Energy Company 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 holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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