Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 39.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,421,895 shares of the oil and gas producer's stock after purchasing an additional 3,218,394 shares during the period. Kosmos Energy makes up about 26.6% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its 2nd biggest position. Equinox Partners Investment Management LLC owned approximately 2.42% of Kosmos Energy worth $39,063,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of KOS. Vaughan Nelson Investment Management L.P. grew its stake in shares of Kosmos Energy by 7.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer's stock worth $113,828,000 after purchasing an additional 1,933,216 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer's stock worth $85,202,000 after acquiring an additional 1,588,990 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kosmos Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer's stock worth $42,650,000 after purchasing an additional 68,339 shares during the period. Jennison Associates LLC increased its holdings in Kosmos Energy by 3.0% during the 3rd quarter. Jennison Associates LLC now owns 6,868,689 shares of the oil and gas producer's stock worth $27,681,000 after purchasing an additional 199,317 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kosmos Energy by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,121,694 shares of the oil and gas producer's stock worth $24,670,000 after purchasing an additional 430,053 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
KOS has been the subject of several recent research reports. Benchmark reduced their price objective on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. StockNews.com downgraded Kosmos Energy from a "hold" rating to a "sell" rating in a research report on Tuesday. Jefferies Financial Group reiterated a "buy" rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Sanford C. Bernstein reduced their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Tuesday, November 5th. Finally, Mizuho decreased 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 report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kosmos Energy has a consensus rating of "Hold" and a consensus target price of $5.52.
Get Our Latest Stock Report on KOS
Insider Activity at Kosmos Energy
In related news, CFO Nealesh D. Shah sold 56,987 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the transaction, the chief financial officer now directly owns 1,711,580 shares of the company's stock, valued at approximately $5,340,129.60. The trade was a 3.22 % decrease in their position. The transaction 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 16,182 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the sale, the chief accounting officer now directly owns 320,231 shares of the company's stock, valued at $999,120.72. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. Insiders own 2.02% of the company's stock.
Kosmos Energy Stock Up 0.5 %
Shares of NYSE:KOS traded up $0.01 during trading on Friday, hitting $2.80. 8,810,125 shares of the company were exchanged, compared to its average volume of 8,061,590. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 5.24 and a beta of 2.41. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a fifty-two week low of $2.58 and a fifty-two week high of $6.58. The firm has a fifty day moving average price of $3.32 and a two-hundred day moving average price of $3.83.
Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The firm had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. As a group, research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.
Kosmos Energy Profile
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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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