Grantham Mayo Van Otterloo & Co. LLC Has $57.74 Million Holdings in Kosmos Energy Ltd. $KOS

Key Points

• Grantham Mayo Van Otterloo & Co. LLC trimmed its Kosmos Energy position by 5.5%, leaving it with 34,780,967 shares (about 7.27% of the company) valued at roughly $57.74 million after selling 2,039,300 shares in Q3.
• Analyst sentiment is muted — the consensus is a "Hold" with an average price target of $2.08, and several firms have downgraded targets or issued underperform/sell calls (e.g., Bank of America $1.00, Bernstein $0.80).
• Kosmos reported an EPS miss and weak fundamentals—negative net margin (54.18%), negative ROE, a high debt-to-equity ratio (5.53), recent insider selling (272,844 shares), and a market cap around $1.24 billion.

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,780,967 shares of the oil and gas producer's stock after selling 2,039,300 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 7.27% of Kosmos Energy worth $57,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KOS. Blueshift Asset Management LLC bought a new position in shares of Kosmos Energy in the second quarter worth about $27,000. Ellevest Inc. acquired a new stake in Kosmos Energy in the 2nd quarter valued at approximately $34,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Kosmos Energy in the 2nd quarter worth approximately $42,000. Y Intercept Hong Kong Ltd bought a new position in Kosmos Energy in the 3rd quarter worth approximately $50,000. Finally, Caprock Group LLC acquired a new position in shares of Kosmos Energy during the third quarter worth approximately $53,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Kosmos Energy in a research report on Monday, December 29th. Bank of America reiterated an "underperform" rating and set a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research note on Friday, December 5th. Mizuho decreased their price target on shares of Kosmos Energy from $2.00 to $1.50 and set a "neutral" rating on the stock in a research report on Friday, December 12th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $1.70 to $0.80 and set a "market perform" rating for the company in a research report on Monday, January 5th. Finally, Stephens started coverage on shares of Kosmos Energy in a research note on Tuesday, November 11th. They issued an "equal weight" rating and a $1.75 target price for the company. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $2.08.

Kosmos Energy Stock Up 1.6%

KOS opened at $2.57 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of -1.76 and a beta of 0.76. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.75 and a quick ratio of 0.29. The firm's fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.49. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $2.70.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). The business had revenue of $294.62 million during the quarter, compared to analyst estimates of $323.46 million. Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. On average, analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In related news, CAO Ronald W. Glass sold 19,285 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $26,420.45. Following the completion of the transaction, the chief accounting officer owned 342,945 shares of the company's stock, valued at $469,834.65. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Josh R. Marion sold 19,656 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the transaction, the senior vice president owned 197,409 shares of the company's stock, valued at approximately $270,450.33. This represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 272,844 shares of company stock worth $377,592. Insiders own 1.99% of the company's stock.

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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