M&G Plc Has $23.65 Million Stake in Kosmos Energy Ltd. (NYSE:KOS)

M&G PLC grew its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,911,844 shares of the oil and gas producer's stock after buying an additional 983,623 shares during the period. M&G PLC owned approximately 1.25% of Kosmos Energy worth $23,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Kosmos Energy by 28.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer's stock valued at $19,853,000 after buying an additional 729,148 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new stake in shares of Kosmos Energy in the third quarter valued at approximately $2,443,000. Vanguard Group Inc. boosted its position in 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 last quarter. Millennium Management LLC increased its stake in shares of Kosmos Energy by 34.9% in the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer's stock valued at $12,976,000 after buying an additional 606,195 shares during the period. Finally, Boston Partners raised its position in shares of Kosmos Energy by 31.9% during the first quarter. Boston Partners now owns 5,811,018 shares of the oil and gas producer's stock worth $34,589,000 after acquiring an additional 1,405,359 shares during the last quarter. Institutional investors own 95.33% of the company's stock.

Kosmos Energy Price Performance

Shares of KOS stock remained flat at $3.62 during trading on Friday. 9,984,719 shares of the stock were exchanged, compared to its average volume of 6,855,752. The stock has a market capitalization of $1.71 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.45 and a beta of 2.42. Kosmos Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $7.20. The firm's 50 day moving average is $4.12 and its two-hundred day moving average is $5.02. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.04). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.91%. The company had revenue of $450.94 million during the quarter. Research analysts anticipate that Kosmos Energy Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday. Bank of America cut their price target 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 objective on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Tuesday. Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Tuesday. Finally, Mizuho initiated coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.60.

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.