Kosmos Energy Ltd. (NYSE:KOS) Shares Bought by Envestnet Asset Management Inc.

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. increased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 127.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 418,075 shares of the oil and gas producer's stock after purchasing an additional 234,489 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Kosmos Energy worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KOS. JPMorgan Chase & Co. raised its holdings in Kosmos Energy by 103.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock valued at $4,352,000 after acquiring an additional 647,921 shares during the last quarter. Barclays PLC raised its holdings in Kosmos Energy by 85.0% in the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock valued at $19,190,000 after acquiring an additional 2,578,431 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kosmos Energy by 23.2% in 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 acquiring an additional 395,283 shares during the last quarter. Millennium Management LLC grew its stake in shares of Kosmos Energy by 78.2% in 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 buying an additional 1,170,074 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Kosmos Energy by 95.7% in 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 buying an additional 121,479 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Buying and Selling

In related news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director directly owned 29,921 shares in the company, valued at $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is owned by corporate insiders.

Kosmos Energy Stock Up 2.4%

Shares of Kosmos Energy stock traded up $0.05 during trading on Wednesday, hitting $1.89. 7,626,182 shares of the stock were exchanged, compared to its average volume of 10,292,865. The stock has a market cap of $901.05 million, a price-to-earnings ratio of -5.74 and a beta of 1.49. The firm's 50-day moving average price is $2.01 and its 200 day moving average price is $2.21. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $5.08. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.40.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to analysts' expectations of $444.26 million. Kosmos Energy had a negative return on equity of 13.71% and a negative net margin of 10.74%. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. The Goldman Sachs Group dropped their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a report on Monday, May 19th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho decreased 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 report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.93.

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.