Bank of America Corp DE Sells 3,008,988 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Bank of America Corp DE reduced its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 46.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,405,405 shares of the oil and gas producer's stock after selling 3,008,988 shares during the period. Bank of America Corp DE owned approximately 0.72% of Kosmos Energy worth $11,646,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Kosmos Energy by 22.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock worth $111,586,000 after purchasing an additional 5,906,210 shares during the last quarter. American Century Companies Inc. lifted its stake in Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after purchasing an additional 2,997,438 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock worth $64,104,000 after purchasing an additional 4,114,499 shares during the last quarter. Equinox Partners Investment Management LLC lifted its stake in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock worth $39,063,000 after purchasing an additional 3,218,394 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Kosmos Energy by 1.2% in the fourth quarter. Invesco Ltd. now owns 7,771,597 shares of the oil and gas producer's stock worth $26,579,000 after purchasing an additional 89,356 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Trading Up 3.5%

Shares of NYSE KOS traded up $0.06 during midday trading on Friday, hitting $1.64. 9,437,630 shares of the company traded hands, compared to its average volume of 8,511,565. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $6.22. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The stock has a 50-day moving average price of $1.83 and a 200 day moving average price of $2.78. The firm has a market cap of $781.54 million, a P/E ratio of 3.72, a P/E/G ratio of 5.24 and a beta of 1.46.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. As a group, analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

KOS has been the subject of several recent research reports. Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. The Goldman Sachs Group decreased their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Benchmark cut shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $4.93.

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.