Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,576,188 shares of the oil and gas producer's stock after selling 2,292,501 shares during the quarter. Jennison Associates LLC owned approximately 0.97% of Kosmos Energy worth $15,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kosmos Energy during the third quarter worth about $28,000. Signaturefd LLC increased its holdings in shares of Kosmos Energy by 39,777.8% in the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer's stock valued at $43,000 after purchasing an additional 10,740 shares during the period. CTC Alternative Strategies Ltd. purchased a new stake in shares of Kosmos Energy during the third quarter worth approximately $43,000. InTrack Investment Management Inc purchased a new stake in shares of Kosmos Energy during the third quarter worth approximately $44,000. Finally, Naviter Wealth LLC acquired a new stake in shares of Kosmos Energy during the third quarter worth $48,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Buying and Selling

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the transaction, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Nealesh D. Shah sold 56,987 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $177,799.44. Following the completion of the sale, the chief financial officer now directly owns 1,711,580 shares in the company, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock valued at $1,572,386. 2.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on KOS shares. StockNews.com upgraded shares of Kosmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Jefferies Financial Group reissued a "buy" rating and set a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Sanford C. Bernstein lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Tuesday, November 5th. Benchmark cut 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. Finally, Mizuho reduced their price target on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $5.52.

Kosmos Energy Price Performance

Shares of KOS stock traded up $0.02 during midday trading on Friday, reaching $3.02. 7,180,236 shares of the company traded hands, compared to its average volume of 6,753,512. The firm has a market cap of $1.42 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 4.69 and a beta of 2.41. 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 firm's 50 day simple moving average is $3.41 and its two-hundred day simple moving average is $4.02. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58.

Kosmos Energy 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.