Annis Gardner Whiting Capital Advisors LLC Purchases 300,000 Shares of Talos Energy Inc. $TALO

Annis Gardner Whiting Capital Advisors LLC grew its position in Talos Energy Inc. (NYSE:TALO) by 394,736.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 300,076 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Talos Energy accounts for 0.8% of Annis Gardner Whiting Capital Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in Talos Energy were worth $4,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TALO. Larson Financial Group LLC boosted its stake in shares of Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in shares of Talos Energy in the 3rd quarter valued at $36,000. PNC Financial Services Group Inc. lifted its stake in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after purchasing an additional 5,236 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

TALO stock opened at $14.89 on Friday. The stock has a 50-day moving average price of $14.55 and a two-hundred day moving average price of $13.78. Talos Energy Inc. has a 1 year low of $7.67 and a 1 year high of $17.05. The stock has a market cap of $2.49 billion, a PE ratio of -3.46 and a beta of 0.34. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. Equities analysts forecast that Talos Energy Inc. will post 0.37 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TALO shares. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. Weiss Ratings cut Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. KeyCorp upped their price target on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Talos Energy currently has a consensus rating of “Hold” and an average price target of $18.83.

Talos Energy Company Profile

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.