Brandywine Global Investment Management LLC Acquires 300,518 Shares of Talos Energy Inc. $TALO

Brandywine Global Investment Management LLC grew its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 338.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,201 shares of the company’s stock after buying an additional 300,518 shares during the period. Brandywine Global Investment Management LLC’s holdings in Talos Energy were worth $4,289,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 worth $32,000 after buying an additional 2,123 shares in the last quarter. Quarry LP bought a new position in shares of Talos Energy during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its holdings in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $15.43 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $15.21 and its two-hundred day simple moving average is $13.31. 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 $2.58 billion, a PE ratio of -3.58 and a beta of 0.33.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The business had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. During the same period last year, the business earned $0.06 EPS. The business’s revenue was down 7.9% on a year-over-year basis. As a group, analysts forecast that Talos Energy Inc. will post 0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction on 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 approximately $687,776,514.72. This trade represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,935,568 shares of company stock worth $48,892,022. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TALO has been the topic of a number of recent research reports. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Roth Mkm reiterated a “neutral” rating and issued a $16.00 target price (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Mizuho increased their target price on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.67.

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.