Envestnet Asset Management Inc. Boosts Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Key Points

• Envestnet Asset Management Inc. increased its stake in Kosmos Energy Ltd. by 127.7%, owning 418,075 shares valued at $953,000 as of its latest SEC filing.
• Several institutional investors, including JPMorgan Chase & Co. and Sei Investments Co., have also adjusted their positions in Kosmos Energy, with institutional ownership now at 95.33% of the company's stock.
• Kosmos Energy's stock currently has an average rating of "Hold" from analysts, with a price target range adjusting from $4.00 to $3.00 as various firms reassess their outlook.

Envestnet Asset Management Inc. lifted its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 127.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,075 shares of the oil and gas producer's stock after buying an additional 234,489 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Kosmos Energy worth $953,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Kosmos Energy by 103.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock worth $4,352,000 after buying an additional 647,921 shares during the period. Barclays PLC increased its holdings in shares of Kosmos Energy by 85.0% in the fourth quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock worth $19,190,000 after buying an additional 2,578,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kosmos Energy by 23.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,097,622 shares of the oil and gas producer's stock valued at $7,174,000 after purchasing an additional 395,283 shares during the period. Millennium Management LLC increased its holdings in Kosmos Energy by 78.2% during the 4th quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock valued at $9,116,000 after purchasing an additional 1,170,074 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Kosmos Energy by 95.7% during the 1st quarter. SG Americas Securities LLC now owns 248,425 shares of the oil and gas producer's stock valued at $566,000 after purchasing an additional 121,479 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 2.8%

Shares of KOS stock traded down $0.06 during midday trading on Monday, reaching $1.90. 12,968,378 shares of the stock were exchanged, compared to its average volume of 10,270,930. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $5.08. The company's 50 day moving average is $2.00 and its two-hundred day moving average is $2.22. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.59. The firm has a market cap of $905.83 million, a PE ratio of -63.15 and a beta of 1.49.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The firm had revenue of $393.52 million for the quarter, compared to analysts' expectations of $444.26 million. On average, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on KOS shares. Mizuho reduced their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. The Goldman Sachs Group reduced 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. Finally, Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Kosmos Energy has an average rating of "Hold" and a consensus target price of $4.93.

Insider Buying and Selling at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director owned 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.02% of the stock is owned by insiders.

Kosmos Energy Company Profile

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.