Price T Rowe Associates Inc. MD Sells 13,507,569 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Price T Rowe Associates Inc. MD reduced its holdings in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 67.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,548,777 shares of the oil and gas producer's stock after selling 13,507,569 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.39% of Kosmos Energy worth $22,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Kosmos Energy by 103.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,272,525 shares of the oil and gas producer's stock valued at $4,352,000 after purchasing an additional 647,921 shares in the last quarter. American Century Companies Inc. increased its stake in Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer's stock worth $101,083,000 after acquiring an additional 2,997,438 shares during the last quarter. Barclays PLC grew its stake in Kosmos Energy by 85.0% in the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer's stock worth $19,190,000 after buying an additional 2,578,431 shares in the last quarter. Equinox Partners Investment Management LLC grew its position in 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 acquiring an additional 3,218,394 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Kosmos Energy by 33.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer's stock worth $1,836,000 after purchasing an additional 133,704 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Activity

In other Kosmos Energy news, CAO Ronald W. Glass sold 10,354 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the transaction, the chief accounting officer now owns 299,498 shares of the company's stock, valued at $934,433.76. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew G. Inglis sold 138,689 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares of the company's stock, valued at approximately $12,352,080. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 311,956 shares of company stock valued at $973,303. Insiders own 2.02% of the company's stock.

Wall Street Analyst Weigh In

KOS has been the subject of several recent research reports. Benchmark downgraded Kosmos Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered their target price on Kosmos Energy from $4.00 to $3.50 and set a "buy" rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.18.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock traded down $0.13 during trading hours on Monday, reaching $1.58. The stock had a trading volume of 10,340,529 shares, compared to its average volume of 8,294,022. The stock's 50 day moving average is $2.02 and its 200 day moving average is $3.01. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $6.33. The firm has a market capitalization of $752.86 million, a PE ratio of 3.58, a PEG ratio of 5.24 and a beta of 1.94. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. Equities analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

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.