JPMorgan Chase & Co. Has $2.22 Million Stock Holdings in Talos Energy Inc. $TALO

JPMorgan Chase & Co. cut its stake in Talos Energy Inc. (NYSE:TALO) by 40.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,978 shares of the company’s stock after selling 155,663 shares during the quarter. JPMorgan Chase & Co.’s holdings in Talos Energy were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Mirabella Financial Services LLP acquired a new position in shares of Talos Energy in the third quarter worth $179,000. CIBC Bancorp USA Inc. acquired a new position in shares of Talos Energy in the third quarter worth $123,000. Coldstream Capital Management Inc. acquired a new position in shares of Talos Energy in the third quarter worth $118,000. Caxton Associates LLP increased its stake in shares of Talos Energy by 16.3% in the third quarter. Caxton Associates LLP now owns 22,007 shares of the company’s stock worth $211,000 after acquiring an additional 3,077 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in shares of Talos Energy in the third quarter worth $216,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the transaction, the insider directly owned 41,233,604 shares in the company, valued at $687,776,514.72. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by corporate insiders.

Talos Energy Stock Up 1.7%

TALO stock opened at $15.91 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $17.00. The company has a 50-day moving average of $13.58 and a two-hundred day moving average of $11.62. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -5.60 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same period in the prior year, the company posted $0.08 EPS. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. As a group, equities research analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TALO. Citigroup upped their price target on shares of Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho upped their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, KeyCorp upped their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy currently has an average rating of “Hold” and an average target price of $17.50.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.