Vanguard Group Inc. Sells 799,231 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Vanguard Group Inc. has reduced its stake in Kosmos Energy by 5.4%, now owning approximately 2.95% of the company valued at $32.15 million.
• Insider trading activity was noted as Director John Douglas Kelso Grant sold 27,923 shares at $1.81, decreasing his position by 48.27%.
• Kosmos Energy reported a disappointing earnings report with an EPS of ($0.19), missing analyst estimates of ($0.06), and revenue of $393.52 million.

Vanguard Group Inc. lowered its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,099,989 shares of the oil and gas producer's stock after selling 799,231 shares during the quarter. Vanguard Group Inc. owned 2.95% of Kosmos Energy worth $32,148,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KOS. Raymond James Financial Inc. acquired a new stake in shares of Kosmos Energy during the fourth quarter worth about $2,049,000. Tower Research Capital LLC TRC raised its position in shares of Kosmos Energy by 421.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 80,754 shares of the oil and gas producer's stock worth $276,000 after purchasing an additional 65,256 shares during the period. Stifel Financial Corp raised its position in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock worth $67,000 after purchasing an additional 3,932 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Kosmos Energy in the fourth quarter valued at about $248,000. Finally, Nebula Research & Development LLC acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $228,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the sale, the director owned 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

KOS has been the subject of a number of research reports. The Goldman Sachs Group decreased their price objective on 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. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Finally, Mizuho decreased their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.93.

Kosmos Energy Stock Down 1.9%

KOS traded down $0.04 on Monday, hitting $1.80. 4,468,888 shares of the company were exchanged, compared to its average volume of 9,473,105. Kosmos Energy Ltd. has a 12 month low of $1.39 and a 12 month high of $5.08. The company has a market cap of $858.46 million, a PE ratio of -5.44 and a beta of 1.57. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. The stock's fifty day moving average is $1.94 and its 200-day moving average is $2.01.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its earnings results 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). Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%.The company had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. Equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

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.