Hotchkis & Wiley Capital Management LLC grew its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,141,815 shares of the oil and gas producer's stock after acquiring an additional 1,588,990 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 4.48% of Kosmos Energy worth $85,202,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in KOS. Vanguard Group Inc. raised its stake in shares of Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer's stock valued at $77,328,000 after acquiring an additional 258,460 shares during the period. Comerica Bank raised its stake in shares of Kosmos Energy by 27.1% in the first quarter. Comerica Bank now owns 19,786 shares of the oil and gas producer's stock valued at $118,000 after acquiring an additional 4,213 shares during the period. CWM LLC increased its stake in Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer's stock worth $36,000 after buying an additional 2,969 shares during the period. SG Americas Securities LLC increased its stake in Kosmos Energy by 46.2% in the 2nd quarter. SG Americas Securities LLC now owns 59,416 shares of the oil and gas producer's stock worth $329,000 after buying an additional 18,768 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Kosmos Energy in the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 95.33% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on KOS. Bank of America reduced their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Benchmark reduced their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Sanford C. Bernstein dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Tuesday, November 5th. Mizuho began coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a "neutral" rating and a $5.00 target price on the stock. Finally, StockNews.com upgraded shares of Kosmos Energy from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Kosmos Energy has an average rating of "Hold" and an average target price of $5.75.
Read Our Latest Stock Report on Kosmos Energy
Kosmos Energy Stock Performance
KOS stock traded up $0.01 during trading on Tuesday, reaching $3.81. The company had a trading volume of 4,549,474 shares, compared to its average volume of 6,878,411. Kosmos Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $7.07. 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 company has a market cap of $1.80 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.49 and a beta of 2.41. The firm has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $4.78.
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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