Fmr LLC reduced its position in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,910,847 shares of the oil and gas producer’s stock after selling 1,470,333 shares during the period. Fmr LLC owned about 14.56% of Kosmos Energy worth $497,817,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in KOS. Raymond James & Associates bought a new position in Kosmos Energy during the 1st quarter worth $387,000. Bank of New York Mellon Corp grew its stake in Kosmos Energy by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,845,793 shares of the oil and gas producer’s stock worth $13,272,000 after buying an additional 128,887 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Kosmos Energy during the 1st quarter worth $159,000. Private Advisor Group LLC grew its stake in Kosmos Energy by 31.9% during the 1st quarter. Private Advisor Group LLC now owns 41,527 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 10,045 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Kosmos Energy by 143.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.
Kosmos Energy Stock Performance
KOS opened at $7.02 on Monday. The stock’s 50 day moving average price is $6.64 and its two-hundred day moving average price is $6.83. The company has a quick ratio of 0.44, a current ratio of 0.80 and a debt-to-equity ratio of 2.61. Kosmos Energy Ltd. has a 12-month low of $4.64 and a 12-month high of $8.55. The firm has a market capitalization of $3.23 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 2.01 and a beta of 2.78.
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings data on Sunday, August 6th. The oil and gas producer reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $273.32 million during the quarter. Kosmos Energy had a return on equity of 35.41% and a net margin of 12.72%. During the same period in the prior year, the company earned $0.28 EPS. On average, equities analysts forecast that Kosmos Energy Ltd. will post 0.92 earnings per share for the current year.
Analyst Upgrades and Downgrades
KOS has been the subject of several research analyst reports. Redburn Partners assumed coverage on Kosmos Energy in a report on Thursday, July 20th. They issued a “buy” rating and a $9.00 price objective for the company. Barclays dropped their target price on Kosmos Energy from $9.50 to $9.40 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. StockNews.com started coverage on Kosmos Energy in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Benchmark reissued a “buy” rating and set a $10.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 8th. Finally, TheStreet raised Kosmos Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.32.
Insider Activity at Kosmos Energy
In other news, Director Deanna L. Goodwin sold 112,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $6.69, for a total transaction of $749,280.00. Following the sale, the director now owns 99,532 shares of the company’s stock, valued at $665,869.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.79% of the stock is owned by company insiders.
Kosmos Energy Company Profile
Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.