Fisher Asset Management LLC Invests $254,000 in Talos Energy Inc. (NYSE:TALO)

Fisher Asset Management LLC purchased a new position in shares of Talos Energy Inc. (NYSE:TALOGet Rating) in the first quarter, HoldingsChannel reports. The institutional investor purchased 16,068 shares of the company’s stock, valued at approximately $254,000.

Other large investors also recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of Talos Energy by 1.6% during the first quarter. Comerica Bank now owns 36,563 shares of the company’s stock worth $737,000 after buying an additional 560 shares during the last quarter. First Trust Advisors LP increased its position in shares of Talos Energy by 73.8% during the fourth quarter. First Trust Advisors LP now owns 270,886 shares of the company’s stock valued at $2,655,000 after purchasing an additional 114,998 shares during the period. Sourcerock Group LLC increased its position in shares of Talos Energy by 92.0% during the fourth quarter. Sourcerock Group LLC now owns 3,882,131 shares of the company’s stock valued at $38,045,000 after purchasing an additional 1,859,998 shares during the period. Rafferty Asset Management LLC increased its position in shares of Talos Energy by 120.9% during the fourth quarter. Rafferty Asset Management LLC now owns 250,634 shares of the company’s stock valued at $2,456,000 after purchasing an additional 137,195 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Talos Energy by 577.3% during the fourth quarter. Bank of Montreal Can now owns 189,903 shares of the company’s stock valued at $1,921,000 after purchasing an additional 161,866 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $18.35 on Friday. The business’s fifty day moving average price is $17.95 and its two-hundred day moving average price is $16.67. Talos Energy Inc. has a fifty-two week low of $8.57 and a fifty-two week high of $25.49. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -11.69 and a beta of 2.33. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.57 and a quick ratio of 0.57.

Talos Energy (NYSE:TALOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. Talos Energy had a positive return on equity of 12.33% and a negative net margin of 9.19%. The firm had revenue of $413.57 million for the quarter, compared to analysts’ expectations of $312.21 million. As a group, analysts predict that Talos Energy Inc. will post 3.89 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In other news, Director Riverstone Energy Partners V, sold 2,900 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $19.06, for a total transaction of $55,274.00. Following the sale, the director now owns 14,919,233 shares in the company, valued at $284,360,580.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Riverstone Energy Partners V, sold 2,900 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $19.06, for a total transaction of $55,274.00. Following the sale, the director now owns 14,919,233 shares in the company, valued at $284,360,580.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Riverstone Holdings Llc sold 35,281 shares of the stock in a transaction on Friday, May 20th. The stock was sold at an average price of $19.06, for a total value of $672,455.86. Following the sale, the director now owns 14,437,196 shares in the company, valued at approximately $275,172,955.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,163,437 shares of company stock worth $24,948,307. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

TALO has been the topic of a number of research reports. MKM Partners restated a “buy” rating and set a $23.00 price objective on shares of Talos Energy in a research report on Wednesday, July 20th. KeyCorp boosted their price objective on Talos Energy from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, May 26th. Stephens initiated coverage on Talos Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $28.00 price objective on the stock. Finally, Roth Capital boosted their price objective on Talos Energy from $18.00 to $23.00 in a research report on Friday, April 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.94.

About Talos Energy

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Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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