Principal Financial Group Inc. Sells 182,674 Shares of Talos Energy Inc. (NYSE:TALO)

Principal Financial Group Inc. lessened its holdings in Talos Energy Inc. (NYSE:TALO) by 23.7% during the third quarter, Holdings Channel reports. The fund owned 587,651 shares of the company’s stock after selling 182,674 shares during the period. Principal Financial Group Inc.’s holdings in Talos Energy were worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of 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 buying an additional 917 shares during the last quarter. Everence Capital Management Inc. grew its position in shares of Talos Energy by 8.6% during the 3rd quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after purchasing an additional 1,740 shares in the last quarter. US Bancorp DE raised its position in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of 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. 89.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho initiated coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. Citigroup boosted their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp decreased their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. BMO Capital Markets cut their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Talos Energy Stock Performance

NYSE:TALO opened at $11.44 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $14.77. The company has a fifty day moving average of $10.82 and a 200-day moving average of $11.29. The firm has a market capitalization of $2.06 billion, a P/E ratio of 21.19 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts anticipate that Talos Energy Inc. will post -0.2 EPS for the current year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 547,000 shares of Talos Energy stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now directly owns 40,685,904 shares of the company’s stock, valued at $444,290,071.68. This represents a 1.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 1,220,000 shares of company stock worth $13,135,560. Corporate insiders own 0.77% of the company’s stock.

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.