Adage Capital Partners GP L.L.C. Raises Stake in Kosmos Energy Ltd. (NYSE:KOS)

Adage Capital Partners GP L.L.C. grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 86.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,590,000 shares of the oil and gas producer's stock after purchasing an additional 1,200,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.55% of Kosmos Energy worth $8,858,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $248,000. Stifel Financial Corp raised its holdings in shares of Kosmos Energy by 24.9% in the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock valued at $67,000 after buying an additional 3,932 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Kosmos Energy by 421.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 80,754 shares of the oil and gas producer's stock valued at $276,000 after purchasing an additional 65,256 shares during the period. First Trust Advisors LP lifted its stake in Kosmos Energy by 61.4% during the fourth quarter. First Trust Advisors LP now owns 2,483,642 shares of the oil and gas producer's stock worth $8,494,000 after purchasing an additional 944,382 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new position in Kosmos Energy during the 4th quarter worth approximately $5,532,000. Institutional investors own 95.33% of the company's stock.

Insider Buying and Selling

In other news, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now directly owns 172,057 shares of the company's stock, valued at $536,817.84. This represents a 8.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nealesh D. Shah sold 56,987 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the transaction, the chief financial officer now owns 1,711,580 shares in the company, valued at $5,340,129.60. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 over the last ninety days. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KOS has been the subject of a number of recent analyst reports. StockNews.com downgraded Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. The Goldman Sachs Group decreased their target price on Kosmos Energy from $4.00 to $3.50 and set a "buy" rating for the company in a report on Wednesday. Finally, Benchmark cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $5.18.

Kosmos Energy Stock Up 4.6 %

Shares of NYSE:KOS traded up $0.08 during midday trading on Friday, reaching $1.71. The company had a trading volume of 9,459,211 shares, compared to its average volume of 8,285,793. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The business's 50 day moving average price is $2.02 and its 200 day moving average price is $3.01. The stock has a market cap of $815.01 million, a PE ratio of 3.88, a P/E/G ratio of 5.24 and a beta of 1.94. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $6.33.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its 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). The company had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

About Kosmos Energy

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.