Banco Santander S.A. Acquires 400,842 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Banco Santander increased its Kosmos Energy stake by 321.9% in the second quarter, acquiring 400,842 shares for a total holding of 525,378 shares valued at approximately $1.1 million.
• Institutional investors own 95.33% of Kosmos Energy, while analyst sentiment remains cautious: the stock carries an average “Reduce” rating and an average price target of $2.53.
• Kosmos reported quarterly EPS of $0.11, beating estimates of $0.09, and revenue of $607.25 million versus expectations of $483.23 million. The stock opened at $2.53, near its 50-day and 200-day moving averages.

Banco Santander S.A. increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 321.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 525,378 shares of the oil and gas producer's stock after acquiring an additional 400,842 shares during the quarter. Banco Santander S.A. owned about 0.09% of Kosmos Energy worth $1,109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of KOS. Equinox Partners Investment Management LLC grew its holdings in shares of 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 in the last quarter. Vanguard Group Inc. raised its stake in Kosmos Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer's stock valued at $23,772,000 after purchasing an additional 286,593 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kosmos Energy by 19.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer's stock valued at $10,930,000 after purchasing an additional 1,962,936 shares in the last quarter. Geode Capital Management LLC lifted its position in Kosmos Energy by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer's stock worth $10,230,000 after purchasing an additional 832,029 shares during the period. Finally, Invesco Ltd. lifted its position in Kosmos Energy by 3.0% during the third quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer's stock worth $16,439,000 after purchasing an additional 289,626 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho raised shares of Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. Weiss Ratings restated a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Royal Bank Of Canada downgraded Kosmos Energy to a "neutral" rating in a report on Wednesday, May 27th. Wall Street Zen upgraded Kosmos Energy from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Stephens lowered their price target on Kosmos Energy from $3.00 to $2.40 and set an "equal weight" rating for the company in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $2.53.

Kosmos Energy Stock Up 0.8%

Kosmos Energy stock opened at $2.53 on Friday. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The firm has a 50 day moving average price of $2.43 and a two-hundred day moving average price of $2.47. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -2.13, a PEG ratio of 0.19 and a beta of 0.72. 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 (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The firm had revenue of $607.25 million for the quarter, compared to analysts' expectations of $483.23 million. Equities analysts predict that Kosmos Energy Ltd. will post 0.45 EPS for the current year.

Insider Buying and Selling

In other Kosmos Energy news, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the transaction, the chief financial officer owned 1,935,410 shares of the company's stock, valued at $3,967,590.50. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, CEO Andrew G. Inglis sold 85,935 shares of the business's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $176,166.75. Following the completion of the transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This trade represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is currently owned by company insiders.

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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