Charles Schwab Investment Management Inc. grew its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,969,329 shares of the oil and gas producer's stock after purchasing an additional 847,635 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.48% of Kosmos Energy worth $23,835,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer's stock valued at $85,202,000 after purchasing an additional 1,588,990 shares during the last quarter. Equinox Partners Investment Management LLC grew its holdings in shares of Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kosmos Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer's stock valued at $42,650,000 after purchasing an additional 68,339 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Kosmos Energy by 3.0% during the third quarter. Jennison Associates LLC now owns 6,868,689 shares of the oil and gas producer's stock valued at $27,681,000 after purchasing an additional 199,317 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Kosmos Energy by 9.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,585,787 shares of the oil and gas producer's stock valued at $14,451,000 after purchasing an additional 314,293 shares during the last quarter. 95.33% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares in the company, valued at $12,352,080. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now owns 172,057 shares of the company's stock, valued at $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 over the last ninety days. Company insiders own 2.02% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Mizuho lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Jefferies Financial Group reissued a "buy" rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark lowered Kosmos Energy from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, StockNews.com lowered Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $5.52.
Check Out Our Latest Report on Kosmos Energy
Kosmos Energy Stock Performance
KOS stock traded down $0.05 on Friday, reaching $2.27. The company's stock had a trading volume of 13,744,267 shares, compared to its average volume of 7,698,350. Kosmos Energy Ltd. has a 52 week low of $2.07 and a 52 week high of $6.58. The company has a market capitalization of $1.08 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The firm has a fifty day moving average of $2.95 and a two-hundred day moving average of $3.54. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.
Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The firm had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
Kosmos Energy Company Profile
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Free Report)
Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.
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