Texas Permanent School Fund Corp Sells 17,080 Shares of Talos Energy Inc. (NYSE:TALO)

Texas Permanent School Fund Corp lessened its holdings in Talos Energy Inc. (NYSE:TALO) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,889 shares of the company’s stock after selling 17,080 shares during the period. Texas Permanent School Fund Corp owned approximately 0.05% of Talos Energy worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TALO. Arizona State Retirement System grew its position in Talos Energy by 8.1% during the 2nd quarter. Arizona State Retirement System now owns 41,188 shares of the company’s stock worth $500,000 after acquiring an additional 3,078 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. CM Management LLC increased its stake in shares of Talos Energy by 60.0% in the second quarter. CM Management LLC now owns 200,000 shares of the company’s stock valued at $2,430,000 after buying an additional 75,000 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Talos Energy by 12.0% in the second quarter. Rhumbline Advisers now owns 468,395 shares of the company’s stock valued at $5,691,000 after buying an additional 50,323 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Talos Energy by 13.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after buying an additional 1,838 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Insider Activity

In related news, insider Control Empresarial De Capital bought 306,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $11.50 per share, for a total transaction of $3,519,000.00. Following the acquisition, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired 1,769,000 shares of company stock worth $19,270,130 in the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TALO. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Mizuho assumed coverage on Talos Energy in a report on Thursday. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.83.

Talos Energy Stock Up 1.7 %

Shares of NYSE:TALO opened at $11.52 on Friday. The company has a 50 day moving average price of $11.44 and a two-hundred day moving average price of $12.15. The company has a market capitalization of $2.08 billion, a PE ratio of 164.57 and a beta of 1.94. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $17.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million for the quarter, compared to the consensus estimate of $516.61 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue was up 49.6% compared to the same quarter last year. Analysts forecast that Talos Energy Inc. will post -0.14 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.