FMR LLC trimmed its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,243,875 shares of the oil and gas producer's stock after selling 7,649,762 shares during the quarter. FMR LLC owned 6.62% of Kosmos Energy worth $125,913,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its position in Kosmos Energy by 7.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer's stock valued at $113,828,000 after acquiring an additional 1,933,216 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer's stock valued at $137,470,000 after buying an additional 3,636,663 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Kosmos Energy by 13.5% in the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer's stock valued at $75,460,000 after buying an additional 1,624,495 shares during the period. Vanguard Group Inc. boosted its stake in shares of Kosmos Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer's stock valued at $77,328,000 after buying an additional 258,460 shares during the period. Finally, Equinox Partners Investment Management LLC lifted its stake in Kosmos Energy by 29.4% during the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer's stock worth $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.
Kosmos Energy Stock Performance
NYSE KOS traded down $0.14 on Wednesday, reaching $3.68. The stock had a trading volume of 7,727,142 shares, compared to its average volume of 6,882,046. The stock has a market cap of $1.73 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.49 and a beta of 2.41. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The business's 50-day moving average price is $4.01 and its 200 day moving average price is $4.76. Kosmos Energy Ltd. has a 12-month low of $3.49 and a 12-month high of $7.07.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on KOS shares. Mizuho started coverage on Kosmos Energy in a research note on Thursday, September 19th. They set a "neutral" rating and a $5.00 target price for the company. Sanford C. Bernstein decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Tuesday, November 5th. Benchmark decreased their target price on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Bank of America decreased their target price on Kosmos Energy from $8.15 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Finally, StockNews.com upgraded Kosmos Energy from a "sell" rating to a "hold" rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.75.
View Our Latest Report on Kosmos Energy
About Kosmos Energy
(
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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