Jennison Associates LLC Buys 2,580,191 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Jennison Associates LLC grew its stake in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 81.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,736,668 shares of the oil and gas producer's stock after acquiring an additional 2,580,191 shares during the period. Jennison Associates LLC owned 1.25% of Kosmos Energy worth $38,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC grew its holdings in shares of Kosmos Energy by 7.4% during the 3rd quarter. FMR LLC now owns 61,424,813 shares of the oil and gas producer's stock valued at $502,455,000 after acquiring an additional 4,208,188 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Kosmos Energy by 13.7% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,338,054 shares of the oil and gas producer's stock worth $182,725,000 after purchasing an additional 2,690,342 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Kosmos Energy by 9.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer's stock worth $171,488,000 after purchasing an additional 1,845,273 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Kosmos Energy by 25.2% in the third quarter. William Blair Investment Management LLC now owns 12,699,004 shares of the oil and gas producer's stock worth $103,878,000 after purchasing an additional 2,559,942 shares in the last quarter. Finally, RWC Asset Advisors US LLC boosted its holdings in Kosmos Energy by 11.9% in the third quarter. RWC Asset Advisors US LLC now owns 7,716,527 shares of the oil and gas producer's stock worth $63,121,000 after purchasing an additional 820,331 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TheStreet cut shares of Kosmos Energy from a "b" rating to a "c+" rating in a report on Monday, February 26th. StockNews.com upgraded shares of Kosmos Energy from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $9.63.

Kosmos Energy Stock Performance

Shares of KOS traded up $0.12 during trading hours on Wednesday, reaching $5.95. 3,979,141 shares of the company traded hands, compared to its average volume of 7,429,198. The stock's fifty day moving average is $5.89 and its 200 day moving average is $6.42. The stock has a market cap of $2.80 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.73 and a beta of 2.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.49 and a current ratio of 0.76. Kosmos Energy Ltd. has a 1-year low of $5.23 and a 1-year high of $8.28.

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 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.08. The business 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 company posted $0.23 EPS. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Kosmos Energy

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.