US Bancorp DE Decreases Holdings in Kosmos Energy Ltd. $KOS

Key Points

• US Bancorp DE significantly reduced its stake in Kosmos Energy Ltd. by 94.6% in the first quarter, holding only 26,632 shares by the end of the period.
• Kosmos Energy reported a quarterly loss of ($0.19) EPS, missing analysts' expectations, along with revenues of $393.52 million which also fell short of estimates.
• Research analysts currently have a consensus rating of "Hold" on Kosmos Energy, with target prices varying from $3.00 to $4.93.

US Bancorp DE lessened its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 94.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,632 shares of the oil and gas producer's stock after selling 467,987 shares during the period. US Bancorp DE's holdings in Kosmos Energy were worth $61,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Patient Capital Management LLC raised its holdings in Kosmos Energy by 81.6% during the 4th 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 acquiring an additional 7,707,707 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Kosmos Energy in the fourth quarter valued at $35,723,000. Northern Trust Corp raised its stake in shares of Kosmos Energy by 4.7% during the 4th quarter. Northern Trust Corp now owns 4,546,557 shares of the oil and gas producer's stock valued at $15,549,000 after purchasing an additional 203,637 shares during the period. Millennium Management LLC lifted its holdings in Kosmos Energy by 78.2% during the 4th quarter. Millennium Management LLC now owns 2,665,589 shares of the oil and gas producer's stock worth $9,116,000 after purchasing an additional 1,170,074 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Kosmos Energy by 86.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,590,000 shares of the oil and gas producer's stock worth $8,858,000 after purchasing an additional 1,200,000 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Benchmark reaffirmed a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. The Goldman Sachs Group reduced 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 note on Monday, May 19th. Wall Street Zen raised shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Finally, Mizuho lowered their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4.93.

Kosmos Energy Price Performance

Kosmos Energy stock traded up $0.0950 during mid-day trading on Friday, hitting $1.8350. 16,668,507 shares of the company traded hands, compared to its average volume of 9,350,142. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. Kosmos Energy Ltd. has a one year low of $1.3850 and a one year high of $5.08. The stock has a market cap of $877.60 million, a price-to-earnings ratio of -5.56 and a beta of 1.49. The stock has a fifty day moving average price of $1.97 and a 200-day moving average price of $2.06.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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. On average, equities analysts predict 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 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 sale, the director owned 29,921 shares of the company's stock, valued at $54,157.01. The trade was 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 hyperlink. 1.99% of the stock is owned by 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.