Victory Capital Management Inc. Sells 5,569 Shares of Talos Energy Inc. (NYSE:TALO)

Victory Capital Management Inc. lessened its position in shares of Talos Energy Inc. (NYSE:TALO) by 0.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,829,125 shares of the company’s stock after selling 5,569 shares during the period. Victory Capital Management Inc.’s holdings in Talos Energy were worth $18,931,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares in the last quarter. US Bancorp DE increased its holdings in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP bought a new position in Talos Energy during the 1st quarter worth about $70,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in Talos Energy during the 3rd quarter worth about $118,000. Institutional investors own 89.35% of the company’s stock.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. The trade was a 0.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have acquired 1,220,000 shares of company stock valued at $13,135,560. 0.77% of the stock is currently owned by company insiders.

Talos Energy Trading Up 1.2 %

Shares of NYSE:TALO opened at $11.41 on Tuesday. Talos Energy Inc. has a 52-week low of $9.44 and a 52-week high of $14.80. The company has a market capitalization of $2.05 billion, a P/E ratio of 21.13 and a beta of 1.92. The company has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $11.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. Sell-side analysts forecast that Talos Energy Inc. will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup increased their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho assumed coverage on shares of Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective for the company. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. BMO Capital Markets reduced their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.45.

Talos Energy 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.