Raymond James Financial Inc. Makes New $2.05 Million Investment in Kosmos Energy Ltd. (NYSE:KOS)

Raymond James Financial Inc. bought a new position in Kosmos Energy Ltd. (NYSE:KOS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 599,105 shares of the oil and gas producer's stock, valued at approximately $2,049,000. Raymond James Financial Inc. owned about 0.13% of Kosmos Energy as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Kosmos Energy by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer's stock worth $155,000 after buying an additional 4,381 shares during the last quarter. Franklin Resources Inc. lifted its position in Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer's stock worth $531,000 after acquiring an additional 4,640 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer's stock valued at $588,000 after acquiring an additional 6,300 shares during the period. Xponance Inc. grew its position in shares of Kosmos Energy by 21.1% in the fourth quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer's stock valued at $127,000 after purchasing an additional 6,460 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Kosmos Energy by 54.7% in the fourth quarter. KBC Group NV now owns 21,037 shares of the oil and gas producer's stock worth $72,000 after purchasing an additional 7,442 shares during the period. Institutional investors own 95.33% of the company's stock.

Insider Buying and Selling

In related news, CFO Nealesh D. Shah sold 78,015 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $243,406.80. Following the sale, the chief financial officer now directly owns 1,555,374 shares in the company, valued at $4,852,766.88. This represents a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher James Ball sold 84,898 shares of Kosmos Energy stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $264,881.76. Following the completion of the transaction, the senior vice president now owns 1,639,925 shares of the company's stock, valued at approximately $5,116,566. The trade was a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 311,956 shares of company stock valued at $973,303 over the last quarter. Corporate insiders own 2.02% of the company's stock.

Analyst Ratings Changes

KOS has been the subject of several recent analyst reports. StockNews.com downgraded Kosmos Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Benchmark downgraded shares of Kosmos Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group cut their target price on shares of Kosmos Energy from $4.00 to $3.50 and set a "buy" rating for the company in a research note on Wednesday, April 30th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.18.

Kosmos Energy Stock Performance

Shares of NYSE KOS traded down $0.05 during trading hours on Tuesday, reaching $1.55. The stock had a trading volume of 15,191,015 shares, compared to its average volume of 8,331,055. The company has a market cap of $738.52 million, a price-to-earnings ratio of 3.51, a PEG ratio of 5.24 and a beta of 1.46. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $6.33. The business's fifty day moving average is $1.97 and its two-hundred day moving average is $2.98. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

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