Truvestments Capital LLC Reduces Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Truvestments Capital LLC decreased its holdings in Talos Energy Inc. (NYSE:TALO) by 72.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,956 shares of the company’s stock after selling 5,125 shares during the quarter. Truvestments Capital LLC’s holdings in Talos Energy were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy during the 1st quarter valued at approximately $77,977,000. CM Management LLC increased its position in Talos Energy by 78.6% in the first quarter. CM Management LLC now owns 125,000 shares of the company’s stock worth $1,741,000 after buying an additional 55,000 shares during the period. MQS Management LLC bought a new position in Talos Energy during the first quarter valued at about $241,000. Natixis acquired a new position in shares of Talos Energy in the 1st quarter valued at $768,000. Finally, American International Group Inc. lifted its stake in Talos Energy by 27.2% in the 1st quarter. American International Group Inc. now owns 74,859 shares of the company’s stock worth $1,043,000 after acquiring an additional 16,008 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 150,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $11.51 per share, for a total transaction of $1,726,500.00. Following the completion of the acquisition, the insider now owns 36,072,904 shares of the company’s stock, valued at $415,199,125.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 650,000 shares of company stock valued at $7,262,500 over the last 90 days. 0.77% of the stock is owned by insiders.

Talos Energy Trading Down 0.3 %

Shares of NYSE:TALO traded down $0.04 during midday trading on Friday, reaching $11.59. The company’s stock had a trading volume of 1,434,476 shares, compared to its average volume of 1,770,708. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 165.57 and a beta of 1.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $11.47 and a two-hundred day moving average price of $12.56. Talos Energy Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The company had revenue of $429.93 million for the quarter, compared to the consensus estimate of $404.00 million. As a group, analysts forecast that Talos Energy Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on TALO shares. Stephens reissued an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a report on Wednesday, July 10th. Stifel Nicolaus upped their target price on Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. KeyCorp lifted their price target on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, June 21st. Finally, The Goldman Sachs Group initiated coverage on Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy has an average rating of “Buy” and an average price target of $20.17.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.