Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,500,000 Shares of Company Stock

Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $18.33, for a total value of $45,825,000.00. Following the completion of the transaction, the insider directly owned 22,000,000 shares in the company, valued at $403,260,000. This represents a 10.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Control Empresarial De Capital also recently made the following trade(s):

  • On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The stock was sold at an average price of $18.01, for a total value of $38,570,035.90.
  • On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.19, for a total transaction of $46,413,000.00.
  • On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00.
  • On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80.
  • On Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.51, for a total transaction of $47,277,000.00.
  • On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The shares were sold at an average price of $17.25, for a total transaction of $37,950,000.00.
  • On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The shares were sold at an average price of $17.08, for a total transaction of $29,548,400.00.
  • On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were sold at an average price of $17.03, for a total transaction of $39,339,300.00.
  • On Tuesday, October 6th, Control Empresarial De Capital sold 480,000 shares of Talos Energy stock. The stock was sold at an average price of $16.96, for a total transaction of $8,140,800.00.
  • On Tuesday, September 15th, Control Empresarial De Capital sold 1,381,000 shares of Talos Energy stock. The stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Price Performance

Talos Energy stock opened at $18.18 on Wednesday. Talos Energy Inc. has a 52-week low of $9.35 and a 52-week high of $18.76. The firm has a fifty day moving average of $17.16 and a 200-day moving average of $14.85.

Talos Energy (NYSE:TALO – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. The business’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) EPS. On average, sell-side analysts predict that Talos Energy Inc. will post 1.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TALO. Amundi boosted its stake in shares of Talos Energy by 1.1% in the second quarter. Amundi now owns 57,590 shares of the company’s stock valued at $743,000 after purchasing an additional 613 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock worth $381,000 after buying an additional 1,170 shares during the period. Bleakley Financial Group LLC increased its stake in Talos Energy by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company’s stock worth $706,000 after buying an additional 1,507 shares during the period. Nisa Investment Advisors LLC increased its stake in Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after buying an additional 3,053 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after buying an additional 4,336 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on TALO shares. The Goldman Sachs Group reissued a “buy” rating and issued a $22.00 price objective on shares of Talos Energy in a research report on Tuesday. Zacks Research cut Talos Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Citigroup upped their target price on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, KeyCorp increased their target price on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Hold” and a consensus target price of $19.71.

Get Our Latest Stock Report on TALO

Talos Energy Company Profile

(Get Free Report)

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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