Fifth Third Bancorp boosted its holdings in Talos Energy Inc. (NYSE:TALO – Free Report) by 4,830.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 47,232 shares of the company’s stock after purchasing an additional 46,274 shares during the quarter. Fifth Third Bancorp’s holdings in Talos Energy were worth $744,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. AdvisorShares Investments LLC purchased a new position in shares of Talos Energy in the first quarter valued at about $486,000. Strs Ohio grew its position in shares of Talos Energy by 105.8% during the first quarter. Strs Ohio now owns 35,200 shares of the company’s stock worth $555,000 after purchasing an additional 18,100 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Talos Energy during the 1st quarter valued at approximately $879,000. Mercer Global Advisors Inc. ADV bought a new stake in Talos Energy during the 4th quarter valued at approximately $130,000. Finally, Empowered Funds LLC lifted its holdings in Talos Energy by 11.6% in the 4th quarter. Empowered Funds LLC now owns 1,114,905 shares of the company’s stock worth $12,286,000 after purchasing an additional 115,864 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.
Insider Activity
In other news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy 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 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 the SEC website. 0.51% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on TALO
Talos Energy Stock Down 5.4%
Shares of NYSE:TALO opened at $14.12 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05. The company has a 50-day moving average price of $14.45 and a 200 day moving average price of $13.96. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -3.28 and a beta of 0.34.
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate 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 company had revenue of $472.31 million during the quarter, compared to analyst estimates of $446.39 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts predict that Talos Energy Inc. will post 0.37 earnings per share for the current year.
About Talos Energy
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.
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