Bridgeway Capital Management LLC Has $14.08 Million Stake in Talos Energy Inc. $TALO

Bridgeway Capital Management LLC boosted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,277,658 shares of the company’s stock after buying an additional 161,652 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Talos Energy were worth $14,080,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in Talos Energy by 20.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock worth $59,000 after buying an additional 884 shares during the last quarter. Larson Financial Group LLC increased its position in Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock worth $47,000 after buying an additional 939 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Talos Energy by 22.7% during the third 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 during the last quarter. US Bancorp DE increased its position in Talos Energy by 17.4% during the third quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after buying an additional 1,050 shares during the last quarter. Finally, Royce & Associates LP increased its position in Talos Energy by 8.3% during the third quarter. Royce & Associates LP now owns 15,740 shares of the company’s stock worth $151,000 after buying an additional 1,211 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 2,935,568 shares of company stock worth $48,892,022 over the last 90 days. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. raised their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Citigroup raised their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Mizuho raised their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, KeyCorp raised their price target on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Hold” and a consensus price target of $18.40.

Talos Energy Trading Up 1.4%

Shares of NYSE:TALO opened at $13.99 on Thursday. The company has a market cap of $2.34 billion, a P/E ratio of -3.25 and a beta of 0.33. The stock’s 50-day moving average is $15.08 and its 200-day moving average is $13.42. Talos Energy Inc. has a 52-week low of $7.67 and a 52-week high of $17.05. 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 (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Equities research analysts predict that Talos Energy Inc. will post 0.41 earnings per share for the current year.

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.