Boston Partners lowered its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 86.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661,121 shares of the oil and gas producer's stock after selling 4,362,832 shares during the period. Boston Partners owned approximately 0.14% of Kosmos Energy worth $2,261,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of KOS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy in the third quarter valued at $28,000. Sapient Capital LLC purchased a new stake in shares of Kosmos Energy in the 4th quarter worth about $37,000. CTC Alternative Strategies Ltd. acquired a new stake in Kosmos Energy in the 3rd quarter valued at about $43,000. Caprock Group LLC purchased a new position in Kosmos Energy during the 3rd quarter valued at about $48,000. Finally, Ballentine Partners LLC purchased a new position in Kosmos Energy during the 4th quarter valued at about $58,000. 95.33% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Kosmos Energy
In related news, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the transaction, the chief executive officer now owns 3,959,000 shares in the company, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Glass sold 10,354 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $32,304.48. Following the sale, the chief accounting officer now directly owns 299,498 shares of the company's stock, valued at approximately $934,433.76. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by company insiders.
Kosmos Energy Trading Up 0.4 %
Shares of KOS stock traded up $0.01 during mid-day trading on Tuesday, hitting $2.27. 5,681,842 shares of the company's stock were exchanged, compared to its average volume of 7,717,686. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 5.16, a PEG ratio of 5.24 and a beta of 2.31. 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 Ltd. has a fifty-two week low of $2.07 and a fifty-two week high of $6.58. The stock has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $3.50.
Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
KOS has been the topic of several research reports. StockNews.com lowered shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Mizuho dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Jefferies Financial Group restated a "buy" rating and issued a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Benchmark lowered Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.52.
Get Our Latest Analysis on KOS
Kosmos Energy Company Profile
(
Free Report)
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.
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