American Century Companies Inc. Grows Position in Talos Energy Inc. $TALO

American Century Companies Inc. raised its position in Talos Energy Inc. (NYSE:TALO) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,310,496 shares of the company’s stock after purchasing an additional 449,377 shares during the quarter. American Century Companies Inc.’s holdings in Talos Energy were worth $45,033,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of Talos Energy during the first quarter valued at approximately $241,000. XTX Topco Ltd lifted its stake in shares of Talos Energy by 54.5% during the 1st quarter. XTX Topco Ltd now owns 78,863 shares of the company’s stock worth $767,000 after acquiring an additional 27,821 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 91.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,969 shares of the company’s stock valued at $146,000 after acquiring an additional 7,164 shares during the period. Vanguard Group Inc. grew its position in Talos Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock valued at $97,127,000 after acquiring an additional 58,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company’s stock valued at $22,651,000 after acquiring an additional 230,119 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Insider Activity

In other news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TALO shares. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Mizuho reiterated a “neutral” rating and set a $11.00 price objective on shares of Talos Energy in a report on Monday, September 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Talos Energy Stock Up 1.1%

Shares of Talos Energy stock opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -11.81 and a beta of 0.75. The firm’s 50-day moving average is $10.02 and its two-hundred day moving average is $9.19. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $11.64.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $382.96 million during the quarter. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. As a group, research analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal 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.