State of New Jersey Common Pension Fund D Cuts Stake in Kosmos Energy Ltd. (NYSE:KOS)

State of New Jersey Common Pension Fund D lowered its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 32.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 327,332 shares of the oil and gas producer's stock after selling 156,715 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Kosmos Energy worth $1,813,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Kosmos Energy by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,687,431 shares of the oil and gas producer's stock worth $65,005,000 after acquiring an additional 761,657 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Kosmos Energy by 28.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer's stock worth $19,853,000 after acquiring an additional 729,148 shares during the last quarter. Patient Capital Management LLC grew its holdings in Kosmos Energy by 19.7% during the 4th quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer's stock valued at $42,699,000 after buying an additional 1,046,091 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Kosmos Energy by 2.0% during the first 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 period. Finally, Mission Wealth Management LP bought a new stake in shares of Kosmos Energy during the first quarter valued at about $1,733,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Stock Performance

Shares of NYSE KOS remained flat at $4.20 during midday trading on Tuesday. The stock had a trading volume of 10,758,653 shares, compared to its average volume of 6,588,920. Kosmos Energy Ltd. has a 52 week low of $3.75 and a 52 week high of $8.28. The company has a current ratio of 0.73, a quick ratio of 0.50 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $1.98 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.53 and a beta of 2.42. The firm has a 50-day moving average price of $4.78 and a two-hundred day moving average price of $5.44.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The business had revenue of $450.94 million for the quarter. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, August 6th. Mizuho assumed coverage on Kosmos Energy in a research report on Thursday, September 19th. They set a "neutral" rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein decreased their price target on Kosmos Energy from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.97.

Kosmos Energy 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.