Patient Capital Management LLC Buys 7,707,707 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Patient Capital Management LLC grew its holdings in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 81.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,147,729 shares of the oil and gas producer's stock after buying an additional 7,707,707 shares during the quarter. Kosmos Energy accounts for 2.7% of Patient Capital Management LLC's investment portfolio, making the stock its 19th largest position. Patient Capital Management LLC owned about 3.63% of Kosmos Energy worth $58,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy during the 4th quarter worth about $34,000. Disciplined Investors L.L.C. purchased a new position in shares of Kosmos Energy in the 4th quarter valued at about $36,000. Sapient Capital LLC purchased a new position in Kosmos Energy during the 4th quarter worth approximately $37,000. Boothbay Fund Management LLC acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $45,000. Finally, Ballentine Partners LLC acquired a new stake in Kosmos Energy during the 4th quarter worth approximately $58,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Stock Performance

Shares of NYSE KOS traded down $0.07 during trading hours on Monday, hitting $1.69. 6,562,231 shares of the company's stock were exchanged, compared to its average volume of 8,436,116. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $6.33. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The stock has a market capitalization of $805.45 million, a price-to-earnings ratio of 3.83, a PEG ratio of 5.24 and a beta of 1.46. The company's 50-day moving average price is $1.89 and its 200-day moving average price is $2.85.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The firm had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. On average, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com raised Kosmos Energy to a "sell" rating in a report on Friday. Mizuho cut their price objective on Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Benchmark lowered Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price target on Kosmos Energy from $4.00 to $3.50 and set a "buy" rating for the company in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.02.

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.