Algert Global LLC grew its position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 98.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,490,698 shares of the oil and gas producer's stock after acquiring an additional 1,233,831 shares during the quarter. Algert Global LLC owned 0.42% of Kosmos Energy worth $5,255,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Swiss Life Asset Management Ltd increased its holdings in Kosmos Energy by 12.2% in the 2nd quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer's stock valued at $82,000 after buying an additional 4,215 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Kosmos Energy by 10.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer's stock valued at $130,000 after acquiring an additional 4,361 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Kosmos Energy by 7.8% in the second quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer's stock valued at $197,000 after acquiring an additional 6,757 shares during the period. Parallel Advisors LLC raised its position in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer's stock worth $41,000 after purchasing an additional 7,169 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer's stock worth $99,000 after purchasing an additional 9,159 shares during the period. 95.33% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
KOS has been the topic of a number of recent research reports. Wall Street Zen raised Kosmos Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Royal Bank Of Canada downgraded Kosmos Energy to a "neutral" rating in a research report on Wednesday, May 27th. Mizuho upgraded Kosmos Energy to a "strong sell" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Finally, Stephens reduced their target price on shares of Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating on the stock in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Kosmos Energy presently has an average rating of "Reduce" and a consensus price target of $2.53.
View Our Latest Stock Analysis on Kosmos Energy
Insider Activity
In other news, SVP Josh R. Marion sold 24,969 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $51,186.45. Following the transaction, the senior vice president owned 233,404 shares of the company's stock, valued at $478,478.20. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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, CEO Andrew G. Inglis sold 85,935 shares of the firm's stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the transaction, the chief executive officer owned 4,678,043 shares in the company, valued at approximately $9,589,988.15. This represents a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders sold 169,012 shares of company stock valued at $346,475. Company insiders own 1.90% of the company's stock.
Kosmos Energy Stock Up 3.2%
Shares of NYSE:KOS opened at $2.87 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The firm has a market cap of $1.71 billion, a P/E ratio of -2.41, a P/E/G ratio of 0.21 and a beta of 0.72. Kosmos Energy Ltd. has a 12 month low of $0.84 and a 12 month high of $3.34. The company's 50-day moving average price is $2.44 and its two-hundred day moving average price is $2.56.
Kosmos Energy (NYSE:KOS - Get Free Report) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative net margin of 33.98% and a negative return on equity of 17.73%. The company had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. As a group, research analysts forecast that Kosmos Energy Ltd. will post 0.45 EPS for the current fiscal year.
Kosmos Energy Profile
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Free Report)
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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