Corigliano Investment Advisers LLC Invests $7.05 Million in 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 bought a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 3,090,869 shares of the oil and gas producer's stock, valued at approximately $7,047,000. Kosmos Energy makes up about 3.1% of Corigliano Investment Advisers LLC's portfolio, making the stock its 11th biggest position. Corigliano Investment Advisers LLC owned approximately 0.65% of Kosmos Energy as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of KOS. Stifel Financial Corp raised its position in shares of Kosmos Energy by 24.9% during the 4th quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock worth $67,000 after purchasing an additional 3,932 shares during the last quarter. Northern Trust Corp grew its holdings in Kosmos Energy by 4.7% during the 4th quarter. Northern Trust Corp now owns 4,546,557 shares of the oil and gas producer's stock valued at $15,549,000 after buying an additional 203,637 shares during the last quarter. AXA S.A. increased its position in Kosmos Energy by 1,714.3% during the fourth quarter. AXA S.A. now owns 313,826 shares of the oil and gas producer's stock worth $1,073,000 after buying an additional 296,529 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Kosmos Energy by 16.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,052,533 shares of the oil and gas producer's stock worth $7,020,000 after acquiring an additional 282,363 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Kosmos Energy in the fourth quarter valued at $239,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Kosmos Energy Trading Up 0.9%

Shares of KOS stock traded up $0.02 during trading hours on Monday, hitting $1.66. 6,887,629 shares of the company were exchanged, compared to its average volume of 10,063,017. The firm has a fifty day moving average of $1.92 and a 200 day moving average of $1.96. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $4.69. The firm has a market cap of $791.50 million, a PE ratio of -5.01 and a beta of 1.57.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. Analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

KOS has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, Mizuho reduced their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.