Bleakley Financial Group LLC Acquires Shares of 35,644 Talos Energy Inc. $TALO

Bleakley Financial Group LLC purchased a new position in Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 35,644 shares of the company’s stock, valued at approximately $302,000.

Several other large investors have also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Talos Energy in the 2nd quarter worth about $874,000. New York State Teachers Retirement System raised its position in shares of Talos Energy by 35.9% in the 2nd quarter. New York State Teachers Retirement System now owns 45,013 shares of the company’s stock worth $382,000 after purchasing an additional 11,901 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Talos Energy by 237.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 34,075 shares of the company’s stock worth $289,000 after purchasing an additional 23,970 shares during the last quarter. CWM LLC raised its position in shares of Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Talos Energy in the 2nd quarter worth about $175,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TALO shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Talos Energy in a research report on Wednesday, October 8th. Mizuho reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Talos Energy in a research report on Monday, September 15th. Finally, Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.43.

Insider Activity

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

Talos Energy Trading Down 1.9%

Talos Energy stock opened at $9.74 on Monday. The business has a 50-day simple moving average of $9.52 and a two-hundred day simple moving average of $8.66. The company has a market cap of $1.70 billion, a P/E ratio of -10.04 and a beta of 0.74. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $382.96 million during the quarter. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%. Analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

Talos Energy Profile

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.