Jennison Associates LLC Grows Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Jennison Associates LLC grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,868,689 shares of the oil and gas producer's stock after acquiring an additional 199,317 shares during the quarter. Jennison Associates LLC owned about 1.46% of Kosmos Energy worth $27,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in Kosmos Energy in the 2nd quarter valued at $26,000. CWM LLC grew its stake in Kosmos Energy by 82.2% in the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 2,969 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Kosmos Energy by 39,777.8% in the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer's stock valued at $43,000 after buying an additional 10,740 shares in the last quarter. InTrack Investment Management Inc purchased a new position in shares of Kosmos Energy in the 3rd quarter worth approximately $44,000. Finally, Covestor Ltd raised its stake in shares of Kosmos Energy by 35,360.9% during the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 8,133 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KOS. StockNews.com raised shares of Kosmos Energy from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. Bank of America dropped their target price on 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 decreased their price target 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. Sanford C. Bernstein dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a research note on Tuesday, November 5th. Finally, Mizuho started coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.75.

Kosmos Energy Stock Performance

Kosmos Energy stock traded up $0.02 during trading hours on Friday, hitting $4.02. 3,322,863 shares of the stock traded hands, compared to its average volume of 6,933,082. The firm's 50 day moving average price is $4.07 and its 200-day moving average price is $4.91. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.27 and a beta of 2.42. Kosmos Energy Ltd. has a 1 year low of $3.49 and a 1 year high of $7.07.

Kosmos Energy Company Profile

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.