Raymond James Financial Inc. Takes $2.05 Million Position in Kosmos Energy Ltd. (NYSE:KOS)

Raymond James Financial Inc. purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 599,105 shares of the oil and gas producer's stock, valued at approximately $2,049,000. Raymond James Financial Inc. owned approximately 0.13% of Kosmos Energy as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in Kosmos Energy in the 4th quarter valued at $34,000. Disciplined Investors L.L.C. bought a new stake in Kosmos Energy in the fourth quarter worth about $36,000. Sapient Capital LLC purchased a new position in Kosmos Energy in the fourth quarter valued at approximately $37,000. Ballentine Partners LLC purchased a new position in shares of Kosmos Energy during the 4th quarter valued at $58,000. Finally, RPO LLC bought a new position in Kosmos Energy during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 95.33% of the company's stock.

Analyst Upgrades and Downgrades

KOS has been the topic of a number of recent research reports. StockNews.com cut Kosmos Energy from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. 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 target price on shares of Kosmos Energy from $4.00 to $3.50 and set a "buy" rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $5.18.

Insider Activity

In other Kosmos Energy news, CEO Andrew G. Inglis sold 138,689 shares of the business's stock in a transaction on 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 owns 3,959,000 shares in the company, valued at $12,352,080. The trade was a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company's stock, valued at $536,817.84. This represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,970 shares of company stock valued at $1,572,386 in the last ninety days. Corporate insiders own 2.02% of the company's stock.

Kosmos Energy Trading Up 4.6 %

Shares of KOS traded up $0.08 during mid-day trading on Friday, hitting $1.71. 9,459,211 shares of the company's stock traded hands, compared to its average volume of 8,283,886. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $6.33. The business's 50-day moving average price is $2.02 and its 200-day moving average price is $3.02. The firm has a market capitalization of $815.01 million, a P/E ratio of 3.88, a PEG ratio of 5.24 and a beta of 1.94.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $397.66 million during the quarter, compared to analysts' expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, sell-side analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS 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.