Jefferies Financial Group Inc. Acquires Shares of 1,644,133 Kosmos Energy Ltd. (NYSE:KOS)

Key Points

• Jefferies Financial Group Inc. invested $3.75 million in Kosmos Energy by acquiring 1,644,133 shares, representing approximately 0.34% of the company at the end of the last quarter.
• Kosmos Energy's stock price is currently down 9.3%, with a one-year range between $1.38 and $5.23, and the company reported a loss of ($0.22) earnings per share in its latest quarterly results.
• Institutional investors control about 95.33% of Kosmos Energy's stock, indicating significant interest from hedge funds and other investment firms.

Jefferies Financial Group Inc. purchased a new position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,644,133 shares of the oil and gas producer's stock, valued at approximately $3,749,000. Jefferies Financial Group Inc. owned 0.34% of Kosmos Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kosmos Energy by 30.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,575 shares of the oil and gas producer's stock valued at $350,000 after acquiring an additional 36,215 shares in the last quarter. Royce & Associates LP increased its stake in shares of Kosmos Energy by 11.1% in the 1st quarter. Royce & Associates LP now owns 1,970,260 shares of the oil and gas producer's stock valued at $4,492,000 after acquiring an additional 196,570 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kosmos Energy in the 1st quarter valued at $221,000. Signaturefd LLC increased its stake in shares of Kosmos Energy by 200.6% in the 1st quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer's stock valued at $63,000 after acquiring an additional 18,405 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Kosmos Energy by 17.0% in the 1st quarter. Cerity Partners LLC now owns 45,840 shares of the oil and gas producer's stock valued at $105,000 after acquiring an additional 6,649 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock traded up $0.09 on Thursday, reaching $1.93. The stock had a trading volume of 1,116,754 shares, compared to its average volume of 10,263,518. The business's 50 day moving average is $2.01 and its two-hundred day moving average is $2.20. The company has a market cap of $920.17 million, a P/E ratio of -5.86 and a beta of 1.49. The company has a current ratio of 0.45, a quick ratio of 0.40 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 $5.08.

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 analysts' consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The business had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. As a group, research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director owned 29,921 shares in the company, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.99% of the company's stock.

Analyst Upgrades and Downgrades

KOS has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Mizuho reduced their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" 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.