Loomis Sayles & Co. L P Sells 2,354,636 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Loomis Sayles & Co. L P trimmed its stake in Kosmos Energy Ltd. (NYSE:KOS) by 70.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,005,266 shares of the oil and gas producer’s stock after selling 2,354,636 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.21% of Kosmos Energy worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. grew its stake in Kosmos Energy by 7.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after purchasing an additional 1,933,216 shares in the last quarter. American Century Companies Inc. grew its stake in Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after purchasing an additional 3,636,663 shares in the last quarter. William Blair Investment Management LLC grew its stake in Kosmos Energy by 13.5% in the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after purchasing an additional 1,624,495 shares in the last quarter. Vanguard Group Inc. grew its stake in Kosmos Energy by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after purchasing an additional 258,460 shares in the last quarter. Finally, Equinox Partners Investment Management LLC grew its stake in Kosmos Energy by 29.4% in the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after purchasing an additional 1,863,966 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho assumed coverage on Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 target price for the company. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Monday. Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Finally, Bank of America reduced their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.75.

Kosmos Energy Stock Performance

NYSE:KOS opened at $3.90 on Thursday. The stock has a market cap of $1.84 billion, a P/E ratio of 8.86, a PEG ratio of 0.51 and a beta of 2.42. The stock has a 50 day simple moving average of $4.05 and a 200 day simple moving average of $4.84. 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 Ltd. has a 1-year low of $3.49 and a 1-year high of $7.07.

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.