1,854,622 Shares in Kosmos Energy Ltd. $KOS Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 1,854,622 shares of Kosmos Energy during the second quarter, valued at approximately $3.9 million and representing a 0.31% stake. Institutional investors collectively own 95.33% of the company.
• Analyst sentiment remains cautious: Kosmos has an average “Reduce” rating and an average price target of $2.53, with two Buy, three Hold, and four Sell ratings.
• Kosmos reported quarterly earnings of $0.11 per share, exceeding the $0.09 consensus estimate, while revenue of $607.25 million also topped expectations. However, the company continues to report negative net margins and return on equity.

Bank of New York Mellon Corp purchased a new stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,854,622 shares of the oil and gas producer's stock, valued at approximately $3,913,000. Bank of New York Mellon Corp owned 0.31% of Kosmos Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Kosmos Energy by 14.2% in the first quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer's stock valued at $15,404,000 after purchasing an additional 689,800 shares during the period. Banco Santander S.A. increased its holdings in Kosmos Energy by 321.9% during the 2nd quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer's stock worth $1,109,000 after purchasing an additional 400,842 shares during the period. Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 6.2% during the 1st quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer's stock worth $57,485,000 after purchasing an additional 1,208,053 shares during the period. Dimensional Fund Advisors LP raised its position in Kosmos Energy by 20.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer's stock valued at $19,699,000 after purchasing an additional 1,204,789 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Kosmos Energy by 9.2% in the 1st quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer's stock valued at $21,390,000 after purchasing an additional 646,052 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank Of Canada downgraded Kosmos Energy to a "neutral" rating in a research report on Wednesday, May 27th. Mizuho raised shares of Kosmos Energy to a "strong sell" rating in a report on Friday, July 31st. Wall Street Zen upgraded shares of Kosmos Energy from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a report on Monday, August 3rd. Finally, Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $2.53.

Insider Transactions at Kosmos Energy

In related news, SVP Josh R. Marion sold 24,969 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president directly owned 233,404 shares of the company's stock, valued at $478,478.20. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $94,259.00. Following the sale, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. This represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 169,012 shares of company stock worth $346,475. 1.90% of the stock is currently owned by insiders.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.79 on Friday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.38 and a current ratio of 0.59. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34. The firm has a market capitalization of $1.66 billion, a PE ratio of -2.34, a price-to-earnings-growth ratio of 0.21 and a beta of 0.73. The stock's 50-day simple moving average is $2.51 and its 200-day simple moving average is $2.61.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to analysts' expectations of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.45 EPS for the current fiscal year.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company's portfolio is anchored by assets in West Africa and the Gulf of Mexico.

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