Fifth Third Bancorp Acquires 46,274 Shares of Talos Energy Inc. $TALO

Fifth Third Bancorp lifted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 4,830.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,232 shares of the company’s stock after buying an additional 46,274 shares during the period. Fifth Third Bancorp’s holdings in Talos Energy were worth $744,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Talos Energy by 11.8% during the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after acquiring an additional 3,007 shares during the period. AQR Capital Management LLC raised its holdings in shares of Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after purchasing an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after purchasing an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Talos Energy by 132.7% during the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares during the period. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TALO. Citigroup cut their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Mizuho lifted their price objective on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. 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 report on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the transaction, the insider directly 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

Talos Energy Trading Down 5.4%

NYSE:TALO opened at $14.12 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -3.28 and a beta of 0.34. Talos Energy Inc. has a one year low of $7.67 and a one year high of $17.05. The business has a fifty day moving average price of $14.45 and a 200-day moving average price of $13.96.

Talos Energy (NYSE:TALO) last released its 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 for the quarter, compared to the consensus estimate of $446.39 million. During the same period in the previous year, the business earned $0.06 earnings per share. Talos Energy’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that Talos Energy Inc. will post 0.37 EPS for the current year.

Talos Energy 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.