Mutual of America Capital Management LLC Sells 6,999 Shares of Talos Energy Inc. (NYSE:TALO)

Mutual of America Capital Management LLC trimmed its stake in shares of Talos Energy Inc. (NYSE:TALO) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,696 shares of the company’s stock after selling 6,999 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Talos Energy were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TALO. Signaturefd LLC raised its stake in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares during the period. US Bancorp DE increased its stake in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after acquiring an additional 2,235 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new position in Talos Energy in the 3rd quarter worth about $118,000. Finally, CIBC Asset Management Inc increased its stake in Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after acquiring an additional 1,838 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. KeyCorp decreased their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Mizuho assumed coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective on the stock. Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Finally, BMO Capital Markets decreased their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the transaction, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is currently owned by insiders.

Talos Energy Price Performance

TALO opened at $11.25 on Friday. The stock’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $11.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $14.77. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 20.74 and a beta of 1.92.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. As a group, analysts predict that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.