Fort Washington Investment Advisors Inc. OH grew its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 80.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,036,801 shares of the oil and gas producer's stock after buying an additional 461,991 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.22% of Kosmos Energy worth $2,364,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Sapient Capital LLC lifted its holdings in Kosmos Energy by 125.4% in the 1st quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 13,441 shares in the last quarter. SG Americas Securities LLC lifted its holdings in 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 worth $566,000 after purchasing an additional 121,479 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Kosmos Energy in the 1st quarter worth approximately $63,000. Sanders Morris Harris LLC lifted its holdings in Kosmos Energy by 41.7% in the 1st quarter. Sanders Morris Harris LLC now owns 34,000 shares of the oil and gas producer's stock worth $78,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Kosmos Energy by 14.7% in the 1st quarter. Rhumbline Advisers now owns 666,204 shares of the oil and gas producer's stock worth $1,519,000 after purchasing an additional 85,431 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
KOS has been the topic of a number of research analyst reports. Wall Street Zen raised Kosmos Energy to a "sell" rating in a report on Friday, May 16th. The Goldman Sachs Group decreased their price objective on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Mizuho decreased their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.93.
Read Our Latest Stock Analysis on KOS
Kosmos Energy Price Performance
Shares of KOS traded up $0.17 during mid-day trading on Friday, hitting $2.26. 25,988,291 shares of the stock were exchanged, compared to its average volume of 8,931,529. The company has a market cap of $1.08 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $5.97. The firm has a 50-day moving average of $1.76 and a two-hundred day moving average of $2.58. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.
Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $290.43 million for the quarter, compared to analysts' expectations of $338.23 million. On average, equities analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.
Insider Activity at Kosmos Energy
In related news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction on 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 now owns 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.99% of the stock is currently owned by insiders.
About Kosmos Energy
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Free Report)
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.
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