Principal Financial Group Inc. Sells 129,983 Shares of Talos Energy Inc. $TALO

Principal Financial Group Inc. lessened its position in shares of Talos Energy Inc. (NYSE:TALOFree Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 838,782 shares of the company’s stock after selling 129,983 shares during the quarter. Principal Financial Group Inc.’s holdings in Talos Energy were worth $13,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its position in Talos Energy by 4,830.3% in the first quarter. Fifth Third Bancorp now owns 47,232 shares of the company’s stock worth $744,000 after purchasing an additional 46,274 shares during the period. AdvisorShares Investments LLC bought a new stake in Talos Energy in the 1st quarter valued at $486,000. Strs Ohio increased its holdings in 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 buying an additional 18,100 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Talos Energy in the 1st quarter valued at $879,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Talos Energy in the 4th quarter valued at $130,000. 89.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, KeyCorp upped their price objective on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

Get Our Latest Research Report on TALO

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were 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 approximately $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is currently owned by company insiders.

Talos Energy Stock Down 2.0%

Shares of NYSE TALO opened at $14.96 on Friday. 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. The business has a fifty day moving average of $14.49 and a two-hundred day moving average of $13.91. The stock has a market cap of $2.50 billion, a PE ratio of -3.47 and a beta of 0.34.

Talos Energy (NYSE:TALOGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts expect that Talos Energy Inc. will post 0.37 earnings per share for the current fiscal year.

Talos Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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