Oslo Asset Management AS Acquires 600,000 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Oslo Asset Management AS boosted its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700,000 shares of the oil and gas producer's stock after purchasing an additional 600,000 shares during the period. Kosmos Energy makes up approximately 13.5% of Oslo Asset Management AS's portfolio, making the stock its 4th biggest holding. Oslo Asset Management AS owned approximately 0.37% of Kosmos Energy worth $11,407,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Kosmos Energy by 143.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 2,110 shares during the period. Captrust Financial Advisors increased its position in shares of Kosmos Energy by 50.1% in the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 1,467 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Kosmos Energy in the first quarter worth $45,000. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy in the second quarter worth $60,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Kosmos Energy in the second quarter worth $65,000. Hedge funds and other institutional investors own 95.33% of the company's stock.

Analysts Set New Price Targets

KOS has been the subject of several recent research reports. TheStreet lowered shares of Kosmos Energy from a "b" rating to a "c+" rating in a research report on Monday, February 26th. StockNews.com raised shares of Kosmos Energy from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.63.

Insiders Place Their Bets

In other Kosmos Energy news, CAO Ronald W. Glass sold 17,525 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $105,675.75. Following the completion of the transaction, the chief accounting officer now directly owns 290,855 shares of the company's stock, valued at approximately $1,753,855.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Andrew G. Inglis sold 166,524 shares of Kosmos Energy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $1,004,139.72. Following the sale, the chief executive officer now directly owns 3,909,135 shares in the company, valued at approximately $23,572,084.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Ronald W. Glass sold 17,525 shares of Kosmos Energy stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $105,675.75. Following the completion of the sale, the chief accounting officer now owns 290,855 shares in the company, valued at $1,753,855.65. The disclosure for this sale can be found here. Insiders sold a total of 335,337 shares of company stock valued at $2,022,082 in the last ninety days. Corporate insiders own 1.79% of the company's stock.

Kosmos Energy Stock Down 1.9 %

KOS traded down $0.12 during trading hours on Friday, reaching $6.21. 6,579,738 shares of the stock traded hands, compared to its average volume of 7,711,817. The firm's fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $6.52. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.79 and a beta of 2.37. Kosmos Energy Ltd. has a fifty-two week low of $5.23 and a fifty-two week high of $8.28. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.76 and a quick ratio of 0.49.

Kosmos Energy (NYSE:KOS - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The company had revenue of $507.81 million during the quarter. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. During the same period in the prior year, the business earned $0.23 earnings per share. As a group, analysts forecast that Kosmos Energy Ltd. will post 0.75 earnings per share for the current fiscal year.

Kosmos Energy 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.