Northern Trust Corp Sells 179,053 Shares of Kosmos Energy Ltd. $KOS

Key Points

• Northern Trust Corp reduced its holdings in Kosmos Energy Ltd. by 3.9%, selling 179,053 shares and owning approximately 0.91% of the company, valued at $9,958,000.
• In contrast, Patient Capital Management LLC significantly increased its stake by 81.6%, now owning 17,147,729 shares, while several other institutional investors also raised their positions in Kosmos Energy.
• Kosmos Energy reported a (0.19) EPS for the quarter, missing analysts' estimates, and has a current stock price of $1.64, down 4.7% recently.

Northern Trust Corp cut its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,367,504 shares of the oil and gas producer's stock after selling 179,053 shares during the quarter. Northern Trust Corp owned about 0.91% of Kosmos Energy worth $9,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. increased its holdings in shares of Kosmos Energy by 220.1% during the first quarter. Raymond James Financial Inc. now owns 1,917,488 shares of the oil and gas producer's stock valued at $4,372,000 after acquiring an additional 1,318,383 shares in the last quarter. Ethic Inc. increased its holdings in Kosmos Energy by 54.8% in the 1st quarter. Ethic Inc. now owns 204,871 shares of the oil and gas producer's stock worth $461,000 after buying an additional 72,493 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Kosmos Energy by 1,646.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 32,475 shares of the oil and gas producer's stock worth $74,000 after buying an additional 30,616 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Kosmos Energy by 26.8% in the 1st quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer's stock worth $12,129,000 after buying an additional 1,125,724 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Kosmos Energy in the 1st quarter worth about $4,167,000. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Benchmark reiterated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. The Goldman Sachs Group reduced 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. Finally, Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kosmos Energy has a consensus rating of "Moderate Buy" and a consensus price target of $4.93.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock traded down $0.02 during trading hours on Thursday, reaching $1.73. 7,515,028 shares of the stock traded hands, compared to its average volume of 7,622,248. The company has a 50 day moving average price of $1.90 and a 200 day moving average price of $1.94. The firm has a market capitalization of $824.99 million, a price-to-earnings ratio of -5.23 and a beta of 1.57. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $4.69. The company has a quick ratio of 0.25, a current ratio of 0.45 and a debt-to-equity ratio of 2.56.

Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The firm had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Kosmos Energy 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.