Dimensional Fund Advisors LP Boosts Position in Talos Energy Inc. (NYSE:TALO)

Dimensional Fund Advisors LP lifted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,546,942 shares of the company’s stock after acquiring an additional 179,181 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.56% of Talos Energy worth $79,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after acquiring an additional 1,873,537 shares during the period. Invesco Senior Secured Management Inc. ADV purchased a new stake in Talos Energy in the first quarter worth $77,977,000. American Century Companies Inc. raised its holdings in Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after purchasing an additional 619,169 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Talos Energy by 1,557.7% in 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 in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Talos Energy by 31.8% during the first quarter. Bridgeway Capital Management LLC now owns 1,250,820 shares of the company’s stock valued at $17,424,000 after buying an additional 301,486 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Activity

In related news, insider Control Empresarial De Capital acquired 306,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the purchase, the insider now directly owns 38,528,904 shares of the company’s stock, valued at $443,082,396. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 1,769,000 shares of company stock valued at $19,270,130 in the last quarter. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TALO has been the topic of a number of recent research reports. Mizuho began coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Stephens reaffirmed an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Thursday, August 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.83.

Talos Energy Price Performance

TALO opened at $10.05 on Friday. 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. The company’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $12.08. The stock has a market capitalization of $1.85 billion, a P/E ratio of 143.57 and a beta of 1.94.

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 company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Talos Energy’s revenue was up 49.6% compared to the same quarter last year. As a group, analysts predict that Talos Energy Inc. will post -0.14 EPS for the current year.

Talos Energy Company 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.