Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis Sells 102,701 Shares

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis sold 102,701 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $320,427.12. Following the completion of the sale, the chief executive officer now owns 4,236,691 shares in the company, valued at $13,218,475.92. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kosmos Energy Stock Down 0.7 %

Shares of KOS opened at $3.10 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of 7.04, a P/E/G ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a 1 year low of $2.62 and a 1 year high of $6.58. The stock has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $4.06. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KOS. Sanford C. Bernstein lowered their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Mizuho dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.52.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in shares of 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 worth $113,828,000 after buying an additional 1,933,216 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Kosmos Energy by 8.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock valued at $85,202,000 after acquiring an additional 1,588,990 shares during the period. Equinox Partners Investment Management LLC raised its stake in shares of Kosmos Energy by 39.2% during the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kosmos Energy by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after acquiring an additional 68,339 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Kosmos Energy by 3.0% during the third quarter. Jennison Associates LLC now owns 6,868,689 shares of the oil and gas producer’s stock worth $27,681,000 after purchasing an additional 199,317 shares during the period. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Company 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.