Corigliano Investment Advisers LLC Purchases Shares of 3,090,869 Kosmos Energy Ltd. $KOS

Key Points

• Corigliano Investment Advisers LLC acquired 3,090,869 shares of Kosmos Energy Ltd., valued at approximately $7,047,000, making it the firm's 11th largest position.
• Kosmos Energy stock has been given a consensus rating of "Moderate Buy" by analysts, with a price target of $4.93 despite some analysts lowering their price objectives.
• The company recently reported earnings of ($0.19) per share, missing estimates, and had a revenue of $393.52 million for the latest quarter compared to the expected $444.26 million.

Corigliano Investment Advisers LLC purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,090,869 shares of the oil and gas producer's stock, valued at approximately $7,047,000. Kosmos Energy comprises approximately 3.1% of Corigliano Investment Advisers LLC's holdings, making the stock its 11th biggest holding. Corigliano Investment Advisers LLC owned about 0.65% of Kosmos Energy as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer's stock valued at $884,000 after purchasing an additional 140,261 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Kosmos Energy during the first quarter worth $3,914,000. Vident Advisory LLC bought a new position in Kosmos Energy in the first quarter valued at about $30,000. Huber Capital Management LLC boosted its holdings in Kosmos Energy by 7.9% in the first quarter. Huber Capital Management LLC now owns 231,900 shares of the oil and gas producer's stock valued at $529,000 after acquiring an additional 17,000 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Kosmos Energy by 7.0% in the first quarter. MetLife Investment Management LLC now owns 271,790 shares of the oil and gas producer's stock valued at $620,000 after acquiring an additional 17,885 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KOS has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Finally, Mizuho lowered their target price 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $4.93.

Kosmos Energy Stock Down 0.3%

Shares of NYSE KOS traded down $0.01 during mid-day trading on Tuesday, reaching $1.65. 4,223,635 shares of the company's stock were exchanged, compared to its average volume of 10,028,501. The business has a fifty day simple moving average of $1.92 and a 200 day simple moving average of $1.95. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $4.69. The firm has a market capitalization of $786.72 million, a price-to-earnings ratio of -4.98 and a beta of 1.57. 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 (NYSE:KOS - Get Free Report) last announced its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The firm had revenue of $393.52 million during the quarter, compared to analyst estimates of $444.26 million. As a group, equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

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.