Royce & Associates LP Raises Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Royce & Associates LP lifted its holdings in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 101.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,773,690 shares of the oil and gas producer's stock after buying an additional 893,690 shares during the period. Royce & Associates LP owned approximately 0.38% of Kosmos Energy worth $6,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of Kosmos Energy by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer's stock worth $155,000 after buying an additional 4,381 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer's stock worth $531,000 after buying an additional 4,640 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer's stock worth $588,000 after buying an additional 6,300 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kosmos Energy in the third quarter worth about $28,000. Finally, KBC Group NV increased its position in Kosmos Energy by 54.7% during the fourth quarter. KBC Group NV now owns 21,037 shares of the oil and gas producer's stock worth $72,000 after purchasing an additional 7,442 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

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Kosmos Energy Trading Down 1.9 %

Shares of KOS traded down $0.05 during trading on Friday, reaching $2.27. 13,744,267 shares of the company traded hands, compared to its average volume of 7,704,837. Kosmos Energy Ltd. has a twelve month low of $2.07 and a twelve month high of $6.58. The stock has a market cap of $1.08 billion, a PE ratio of 5.15, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The stock has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $3.54. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

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 analysts' consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. On average, analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Kosmos Energy

In other news, SVP Christopher James Ball sold 84,898 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $264,881.76. Following the completion of the transaction, the senior vice president now owns 1,639,925 shares of the company's stock, valued at approximately $5,116,566. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew G. Inglis sold 102,701 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $320,427.12. Following the completion of the transaction, the chief executive officer now directly owns 4,236,691 shares of the company's stock, valued at approximately $13,218,475.92. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 over the last three months. Insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

KOS has been the subject of several recent analyst reports. StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Mizuho cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Benchmark cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group restated a "buy" rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.52.

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.