Russell Investments Group Ltd. Raises Stock Holdings in Kosmos Energy Ltd. $KOS

Key Points

• Russell Investments Group Ltd. increased its stake in Kosmos Energy Ltd. by 26.8% to own approximately 5.3 million shares worth $12.1 million after acquiring an additional 1,125,724 shares in the first quarter.
• Director John Douglas Kelso Grant sold 27,923 shares at an average price of $1.81, resulting in a 48.27% decrease in his ownership of the stock.
• Kosmos Energy's recent earnings report showed a loss of ($0.19) earnings per share, which was below analysts’ expectations of ($0.06), with revenue also coming in below estimates at $393.52 million.

Russell Investments Group Ltd. raised its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 26.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,319,520 shares of the oil and gas producer's stock after purchasing an additional 1,125,724 shares during the period. Russell Investments Group Ltd. owned 1.11% of Kosmos Energy worth $12,129,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Boothbay Fund Management LLC bought a new stake in Kosmos Energy during the fourth quarter valued at about $45,000. Inscription Capital LLC bought a new position in shares of Kosmos Energy in the first quarter worth about $46,000. Sapient Capital LLC boosted its stake in shares of Kosmos Energy by 125.4% in the first quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer's stock worth $55,000 after acquiring an additional 13,441 shares during the period. Park Avenue Securities LLC bought a new position in shares of Kosmos Energy in the first quarter worth about $63,000. Finally, Signaturefd LLC boosted its stake in shares of Kosmos Energy by 200.6% in the first quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer's stock worth $63,000 after acquiring an additional 18,405 shares during the period. Institutional investors own 95.33% of the company's stock.

Kosmos Energy Trading Up 6.0%

KOS stock traded up $0.1050 during midday trading on Friday, reaching $1.8450. 6,072,520 shares of the company traded hands, compared to its average volume of 10,177,062. Kosmos Energy Ltd. has a 52-week low of $1.3850 and a 52-week high of $5.08. 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 business has a 50 day moving average of $1.98 and a 200-day moving average of $2.08. The firm has a market capitalization of $882.37 million, a price-to-earnings ratio of -5.59 and a beta of 1.49.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data 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). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The company had revenue of $393.52 million for the quarter, compared to analysts' expectations of $444.26 million. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the company's stock in a transaction that occurred 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 directly owned 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho dropped their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen raised Kosmos Energy to a "sell" rating in a research note on Friday, May 16th. The Goldman Sachs Group dropped their price objective on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has a consensus rating of "Moderate Buy" and a consensus 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.