American Century Companies Inc. Grows Holdings in Kosmos Energy Ltd. (NYSE:KOS)

American Century Companies Inc. boosted its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,556,382 shares of the oil and gas producer's stock after purchasing an additional 2,997,438 shares during the period. American Century Companies Inc. owned about 6.26% of Kosmos Energy worth $101,083,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Kosmos Energy during the third quarter valued at $28,000. VSM Wealth Advisory LLC purchased a new stake in Kosmos Energy in the fourth quarter worth approximately $34,000. CTC Alternative Strategies Ltd. purchased a new stake in Kosmos Energy during the third quarter valued at $43,000. Sapient Capital LLC bought a new stake in Kosmos Energy during the fourth quarter valued at approximately $37,000. Finally, Caprock Group LLC bought a new position in Kosmos Energy in the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Insider Activity at Kosmos Energy

In other news, CAO Ronald W. Glass sold 16,182 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares in the company, valued at $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares in the company, valued at approximately $536,817.84. The trade was 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 valued at $1,572,386 in the last three months. 2.02% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on KOS shares. StockNews.com lowered shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Jefferies Financial Group reaffirmed a "buy" rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Mizuho cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Benchmark cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $5.52.

Kosmos Energy Stock Up 0.4 %

Shares of KOS stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.27. The stock had a trading volume of 5,681,842 shares, compared to its average volume of 7,725,939. The firm has a market capitalization of $1.08 billion, a P/E ratio of 5.16, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. 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 Ltd. has a 12-month low of $2.07 and a 12-month high of $6.58. The firm's 50-day moving average is $2.89 and its two-hundred day moving average is $3.50.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to analysts' expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. On average, analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

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.