Dimensional Fund Advisors LP Grows Stock Holdings in Kosmos Energy Ltd. $KOS

Key Points

• Dimensional Fund Advisors increased its Kosmos Energy stake by 20.5% in the first quarter, bringing its holdings to 7.08 million shares valued at approximately $19.7 million. Institutional investors collectively own 95.33% of the company.
• Analyst sentiment remains cautious: Kosmos has a consensus rating of “Reduce” and an average price target of $2.53, with recent downgrades from Mizuho and Royal Bank of Canada.
• Kosmos reported quarterly EPS of $0.11, beating estimates of $0.09, while revenue of $607.25 million exceeded expectations. However, the company posted a negative net margin and insiders have sold 294,580 shares over the past 90 days.

Dimensional Fund Advisors LP raised its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 20.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,083,075 shares of the oil and gas producer's stock after purchasing an additional 1,204,789 shares during the quarter. Dimensional Fund Advisors LP owned 1.47% of Kosmos Energy worth $19,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KOS. Goldman Sachs Group Inc. increased its holdings in shares of Kosmos Energy by 175.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer's stock worth $6,140,000 after buying an additional 4,308,275 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Kosmos Energy by 66.9% in the 4th quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer's stock valued at $6,396,000 after acquiring an additional 2,825,517 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer's stock valued at $5,540,000 after acquiring an additional 2,477,102 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $10,930,000 after acquiring an additional 1,962,936 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its position in Kosmos Energy by 9.5% in the fourth quarter. Equinox Partners Investment Management LLC now owns 19,469,980 shares of the oil and gas producer's stock worth $17,667,000 after acquiring an additional 1,689,500 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho raised Kosmos Energy to a "strong sell" rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Kosmos Energy in a research note on Monday. Stephens dropped their target price 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. Royal Bank Of Canada downgraded Kosmos Energy to a "neutral" rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Kosmos Energy from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $2.53.

Insider Activity

In related news, Director John Douglas Kelso Grant sold 43,466 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the sale, the director directly owned 82,311 shares of the company's stock, valued at approximately $224,709.03. This trade represents a 34.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 150,722 shares of the company's stock, valued at approximately $411,471.06. The trade was a 22.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is currently owned by corporate insiders.

Kosmos Energy Price Performance

Kosmos Energy stock opened at $2.47 on Friday. Kosmos Energy Ltd. has a 12-month low of $0.84 and a 12-month high of $3.34. The company has a current ratio of 0.59, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. The firm has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.42. The firm has a market capitalization of $1.47 billion, a PE ratio of -2.08, a price-to-earnings-growth ratio of 0.17 and a beta of 0.72.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $483.23 million. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.45 EPS for the current year.

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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