Russell Investments Group Ltd. Increases Position 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. lifted its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 26.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,319,520 shares of the oil and gas producer's stock after acquiring an additional 1,125,724 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.11% of Kosmos Energy worth $12,129,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Patient Capital Management LLC increased its stake in shares of Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer's stock valued at $58,645,000 after buying an additional 7,707,707 shares during the period. Invesco Ltd. boosted its holdings in Kosmos Energy by 40.2% in the first quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer's stock valued at $24,849,000 after acquiring an additional 3,127,003 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Kosmos Energy in the fourth quarter valued at approximately $35,723,000. Charles Schwab Investment Management Inc. boosted its holdings in Kosmos Energy by 11.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer's stock valued at $17,750,000 after acquiring an additional 815,582 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Kosmos Energy by 85.0% in the fourth quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock valued at $19,190,000 after acquiring an additional 2,578,431 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company's stock.

Insider Transactions at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy 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 completion of the transaction, the director owned 29,921 shares in the company, valued at approximately $54,157.01. The trade was a 48.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.02% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KOS. The Goldman Sachs Group reduced their target price on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Wall Street Zen raised Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Mizuho lowered their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Benchmark reissued a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Three investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.93.

Kosmos Energy Stock Up 3.9%

Kosmos Energy stock traded up $0.0650 during midday trading on Wednesday, reaching $1.7150. The stock had a trading volume of 7,157,499 shares, compared to its average volume of 10,235,771. Kosmos Energy Ltd. has a 12 month low of $1.3850 and a 12 month high of $5.08. The company has a market capitalization of $820.20 million, a P/E ratio of -5.20 and a beta of 1.49. The company has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $2.09. The company has a current ratio of 0.45, a quick ratio of 0.25 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 company had revenue of $393.52 million for the quarter, compared to analyst estimates of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. As a group, equities analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

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.