Van ECK Associates Corp lessened its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 88.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,486 shares of the oil and gas producer's stock after selling 2,424,509 shares during the period. Van ECK Associates Corp owned approximately 0.07% of Kosmos Energy worth $1,252,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Kosmos Energy by 81.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,291,464 shares of the oil and gas producer's stock valued at $5,205,000 after purchasing an additional 579,859 shares in the last quarter. Graham Capital Wealth Management LLC purchased a new position in Kosmos Energy in the 3rd quarter worth approximately $2,443,000. Signaturefd LLC raised its holdings in Kosmos Energy by 39,777.8% in the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer's stock worth $43,000 after acquiring an additional 10,740 shares during the last quarter. Raymond James & Associates lifted its position in Kosmos Energy by 250.4% in the 3rd quarter. Raymond James & Associates now owns 923,914 shares of the oil and gas producer's stock valued at $3,723,000 after acquiring an additional 660,261 shares in the last quarter. Finally, Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 29.4% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer's stock valued at $33,060,000 after purchasing an additional 1,863,966 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.
Kosmos Energy Stock Performance
Shares of Kosmos Energy stock traded down $0.04 during trading hours on Tuesday, reaching $3.78. 3,888,711 shares of the stock traded hands, compared to its average volume of 6,859,842. The company has a 50 day moving average price of $4.10 and a 200 day moving average price of $4.99. Kosmos Energy Ltd. has a one year low of $3.49 and a one year high of $7.20. The company has a quick ratio of 0.50, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 0.25 and a beta of 2.42.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on KOS. Benchmark decreased their price target on Kosmos Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Mizuho started coverage on Kosmos Energy in a research report on Thursday, September 19th. They issued a "neutral" rating and a $5.00 target price for the company. StockNews.com cut shares of Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Bank of America reduced their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of "Hold" and an average price target of $6.60.
View Our Latest Analysis on KOS
About Kosmos Energy
(
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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