Woodmont Investment Counsel LLC decreased its position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 83.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,667 shares of the oil and gas producer's stock after selling 228,716 shares during the period. Woodmont Investment Counsel LLC's holdings in Kosmos Energy were worth $102,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC increased its position in Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer's stock worth $111,586,000 after buying an additional 5,906,210 shares during the period. American Century Companies Inc. increased its position in shares of Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after purchasing an additional 2,997,438 shares during the period. William Blair Investment Management LLC increased its position in shares of Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer's stock worth $64,104,000 after purchasing an additional 4,114,499 shares during the period. Patient Capital Management LLC increased its position 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 worth $58,645,000 after purchasing an additional 7,707,707 shares during the period. Finally, Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer's stock worth $39,063,000 after purchasing an additional 3,218,394 shares during the period. Institutional investors own 95.33% of the company's stock.
Kosmos Energy Price Performance
NYSE:KOS traded down $0.02 during trading hours on Friday, hitting $2.16. The company's stock had a trading volume of 18,331,974 shares, compared to its average volume of 9,121,085. The stock has a fifty day simple moving average of $1.80 and a 200-day simple moving average of $2.51. The company has a market capitalization of $1.03 billion, a P/E ratio of -71.81 and a beta of 1.44. 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 Ltd. has a twelve month low of $1.39 and a twelve month high of $5.97.
Kosmos Energy (NYSE:KOS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $290.43 million during 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%. On average, analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Benchmark restated a "hold" rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Mizuho decreased their price target on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen upgraded Kosmos Energy to a "sell" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group decreased their price target on Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. One equities research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.93.
Read Our Latest Analysis on Kosmos Energy
Insider Activity at Kosmos Energy
In other 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 sale, the director now directly owns 29,921 shares of the company's stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.02% of the stock is currently owned by insiders.
About Kosmos Energy
(
Free Report)
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.
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