Nuveen LLC Takes $4.17 Million Position in Kosmos Energy Ltd. $KOS

Key Points

• Nuveen LLC acquired 1,827,624 shares of Kosmos Energy Ltd., valued at approximately $4.17 million, indicating growing institutional interest in the company.
• Kosmos Energy reported a loss of $0.19 EPS, missing analysts’ estimates, and had a negative net margin of 10.74% for the last quarter.
• Analyst ratings for Kosmos Energy show mixed opinions, with target prices cut to $3.00 while maintaining several buy and hold ratings.

Nuveen LLC purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,827,624 shares of the oil and gas producer's stock, valued at approximately $4,167,000. Nuveen LLC owned approximately 0.38% of Kosmos Energy at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KOS. Virtu Financial LLC acquired a new stake in Kosmos Energy in the first quarter valued at about $232,000. Invesco Ltd. raised its stake in Kosmos Energy by 40.2% during the first quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer's stock worth $24,849,000 after acquiring an additional 3,127,003 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kosmos Energy by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer's stock worth $17,750,000 after acquiring an additional 815,582 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Kosmos Energy in the 1st quarter valued at approximately $114,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Kosmos Energy by 3.6% during the 1st quarter. Moors & Cabot Inc. now owns 217,450 shares of the oil and gas producer's stock valued at $496,000 after purchasing an additional 7,500 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Down 1.9%

NYSE KOS traded down $0.04 during mid-day trading on Monday, hitting $1.80. The company's stock had a trading volume of 4,468,888 shares, compared to its average volume of 9,473,105. The firm has a market capitalization of $858.46 million, a price-to-earnings ratio of -5.44 and a beta of 1.57. The company's 50 day simple moving average is $1.93 and its 200 day simple moving average is $2.00. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $5.08.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The business had revenue of $393.52 million during the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director directly owned 29,921 shares of the company's stock, valued at $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Mizuho reduced their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group cut their price target on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kosmos Energy currently has a consensus rating of "Moderate Buy" and an average price target of $4.93.

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.