Dockside LLC Acquires Shares of 80,124 Talos Energy Inc. $TALO

Dockside LLC acquired a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,124 shares of the company’s stock, valued at approximately $883,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sourcerock Group LLC grew its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares during the period. Vanguard Group Inc. grew its holdings in Talos Energy by 1.8% during the third quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after purchasing an additional 164,999 shares during the period. Dimensional Fund Advisors LP grew its holdings in Talos Energy by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after purchasing an additional 345,765 shares during the period. American Century Companies Inc. grew its holdings in Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after purchasing an additional 455,409 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after purchasing an additional 141,518 shares during the period. 89.35% of the stock is owned by institutional investors.

Talos Energy Trading Down 0.1%

Shares of TALO stock opened at $14.95 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. Talos Energy Inc. has a 52-week low of $7.67 and a 52-week high of $17.05. The company has a market capitalization of $2.49 billion, a PE ratio of -3.47 and a beta of 0.33. The business’s fifty day moving average is $15.19 and its 200 day moving average is $13.37.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Talos Energy Inc. will post 0.41 EPS for the current fiscal year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction 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 in the company, valued at approximately $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,935,568 shares of company stock valued at $48,892,022 in the last quarter. Company insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen raised Talos Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Mizuho increased their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. KeyCorp increased their price objective on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $16.00 price target (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.67.

Talos Energy 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.