SG Americas Securities LLC Sells 113,896 Shares of Talos Energy Inc. $TALO

SG Americas Securities LLC decreased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 42.4% during the first quarter, HoldingsChannel reports. The firm owned 154,466 shares of the company’s stock after selling 113,896 shares during the period. SG Americas Securities LLC’s holdings in Talos Energy were worth $2,434,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sourcerock Group LLC increased its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after buying an additional 1,110,685 shares during the period. Vanguard Group Inc. boosted its position in Talos Energy by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after acquiring an additional 164,999 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Talos Energy by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after acquiring an additional 345,765 shares during the period. American Century Companies Inc. raised its position in shares of Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after acquiring an additional 455,409 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Talos Energy by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after purchasing an additional 141,518 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Key Stories Impacting Talos Energy

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Talos announced a strategic acquisition of deepwater oil assets from Shell alongside Ridgewood Energy, a deal that expands its offshore portfolio and is expected to add meaningful production and cash flow. Talos Energy Announces Strategic Acquisition of Gulf of America Deepwater Oil Assets
• Positive Sentiment: Stephens reaffirmed its Overweight rating on Talos and raised its price target to $20, signaling further upside from current levels. Talos Energy rating reaffirmed by Stephens
• Positive Sentiment: Shell is selling mature offshore assets to Talos and Ridgewood as part of a broader portfolio reshaping, which suggests Talos is gaining established reserves and operational scale at an attractive strategic moment. Shell & Talos Energy Ink Deal to Reshape Gulf of America Portfolio
• Neutral Sentiment: Talos priced an $800 million offering of 8.000% senior secured notes due 2034, with proceeds earmarked to help fund the acquisition and redeem higher-coupon 2029 notes. This supports the deal but also adds leverage and interest expense. Talos Energy Announces Pricing of Offering of $800 Million of Second-Priority Senior Secured Notes due 2034
• Neutral Sentiment: Talos also announced the proposed bond offering earlier in the day, reinforcing that management is financing the acquisition with debt capital rather than equity dilution. Talos Energy Announces Proposed Offering of $800 Million of Second-Priority Senior Secured Notes due 2034

Talos Energy Stock Performance

Shares of TALO stock opened at $13.44 on Thursday. The stock has a market cap of $2.24 billion, a PE ratio of -3.12 and a beta of 0.34. The business has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $13.56. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 52-week low of $7.67 and a 52-week high of $17.05.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating 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 analysts’ expectations of $446.39 million. During the same period last year, the business earned $0.06 earnings per share. Talos Energy’s quarterly revenue was down 7.9% on a year-over-year basis. On average, equities analysts expect that Talos Energy Inc. will post 0.41 EPS for the current year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction on 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 SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on TALO. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Wednesday. Mizuho lifted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Citigroup increased their target price on shares of Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.83.

Talos Energy Company 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.