Counterpoint Mutual Funds LLC Sells 46,359 Shares of Talos Energy Inc. $TALO

Counterpoint Mutual Funds LLC lessened its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 63.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,276 shares of the company’s stock after selling 46,359 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Talos Energy were worth $414,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strs Ohio lifted its stake in shares of Talos Energy by 105.8% in the 1st quarter. Strs Ohio now owns 35,200 shares of the company’s stock valued at $555,000 after purchasing an additional 18,100 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Talos Energy during the first quarter worth $879,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Talos Energy during the fourth quarter worth $130,000. Empowered Funds LLC increased its holdings in Talos Energy by 11.6% in the fourth quarter. Empowered Funds LLC now owns 1,114,905 shares of the company’s stock valued at $12,286,000 after purchasing an additional 115,864 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Talos Energy in the fourth quarter valued at about $187,000. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $13.60 on Friday. The stock’s fifty day simple moving average is $14.83 and its 200 day simple moving average is $13.57. 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 company has a market capitalization of $2.27 billion, a PE ratio of -3.16 and a beta of 0.34. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was down 7.9% on a year-over-year basis. On average, research analysts predict that Talos Energy Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the business’s 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 completion of the transaction, the insider directly owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TALO shares. Roth Mkm upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $17.00 in a report on Wednesday. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday. Wall Street Zen downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Mizuho lifted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Citigroup boosted their price objective on shares of Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, 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.