Ballast Asset Management LP Grows Stake in Kosmos Energy Ltd. (NYSE:KOS)

Ballast Asset Management LP boosted its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 22.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 874,684 shares of the oil and gas producer’s stock after purchasing an additional 161,368 shares during the quarter. Ballast Asset Management LP owned approximately 0.19% of Kosmos Energy worth $2,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings 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 in the last quarter. Franklin Resources Inc. increased its holdings in Kosmos Energy by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 4,640 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Kosmos Energy by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after purchasing an additional 6,300 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Kosmos Energy by 21.1% during the 4th 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, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kosmos Energy during the third quarter valued at about $28,000. 95.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KOS shares. Jefferies Financial Group reiterated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Mizuho cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group reduced their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kosmos Energy currently has an average rating of “Hold” and an average price target of $5.27.

Kosmos Energy Stock Up 2.9 %

Shares of KOS opened at $2.29 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The business has a fifty day moving average of $2.78 and a 200 day moving average of $3.46. The company has a market cap of $1.09 billion, a PE ratio of 5.19, a P/E/G ratio of 5.24 and a beta of 2.31. Kosmos Energy Ltd. has a 52-week low of $2.07 and a 52-week high of $6.58.

Kosmos Energy (NYSE:KOS) last released its 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 firm had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. On average, sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling at Kosmos Energy

In related news, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew G. Inglis sold 102,701 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,236,691 shares in the company, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock worth $1,572,386 over the last 90 days. Company insiders own 2.02% 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.