Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management LLP has decreased its holdings in Kosmos Energy Ltd. by 17.6%, now owning 1,084,679 shares after selling 231,370 shares during the first quarter.
• JPMorgan Chase & Co. and other hedge funds have significantly increased their stakes in Kosmos Energy, with JPMorgan boosting its holdings by 103.7% to own over 1.27 million shares.
• Analyst opinions on Kosmos Energy are mixed, with ratings ranging from sell to buy, and the average price target lowered to $3.00 from previous estimates.

RWC Asset Management LLP decreased its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 17.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,084,679 shares of the oil and gas producer's stock after selling 231,370 shares during the period. RWC Asset Management LLP owned 0.23% of Kosmos Energy worth $2,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $2,049,000. Thrivent Financial for Lutherans acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $1,319,000. Xponance Inc. increased its position in shares of Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer's stock worth $127,000 after acquiring an additional 6,460 shares in the last quarter. Sei Investments Co. increased its position in shares of Kosmos Energy by 14.0% in the fourth quarter. Sei Investments Co. now owns 145,158 shares of the oil and gas producer's stock worth $496,000 after acquiring an additional 17,808 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Kosmos Energy in the fourth quarter worth $361,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Wall Street Analyst Weigh In

KOS has been the subject of several recent research reports. Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. The Goldman Sachs Group dropped their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Benchmark reissued a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, Mizuho dropped their price objective on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.93.

Kosmos Energy Stock Down 2.5%

KOS traded down $0.06 during trading hours on Thursday, reaching $2.15. 5,123,946 shares of the stock traded hands, compared to its average volume of 10,200,640. The firm's fifty day simple moving average is $1.97 and its two-hundred day simple moving average is $2.26. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -71.48 and a beta of 1.44. Kosmos Energy Ltd. has a fifty-two week low of $1.38 and a fifty-two week high of $5.66. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.40.

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 analysts' consensus estimates of ($0.15) by ($0.07). The firm had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the transaction, the director directly owned 29,921 shares of the company's stock, valued at $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.99% of the stock is currently owned by corporate insiders.

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.