Huber Capital Management LLC Acquires New Shares in Kosmos Energy Ltd. (NYSE:KOS)

Huber Capital Management LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 214,900 shares of the oil and gas producer’s stock, valued at approximately $735,000.

Several other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after acquiring an additional 2,997,438 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after purchasing an additional 4,114,499 shares in the last quarter. Equinox Partners Investment Management LLC grew its holdings in shares of Kosmos Energy by 39.2% in the 4th 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 buying an additional 3,218,394 shares during the period. Geode Capital Management LLC increased its position in shares of Kosmos Energy by 0.7% in the 3rd 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 buying an additional 68,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Kosmos Energy by 13.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer’s stock worth $23,835,000 after buying an additional 847,635 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kosmos Energy

In related news, SVP Josh R. Marion sold 16,144 shares of the firm’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 $50,369.28. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the sale, the chief financial officer now directly owns 1,711,580 shares in the company, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock valued at $1,572,386. Insiders own 2.02% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $2.28 on Thursday. Kosmos Energy Ltd. has a 12 month low of $2.07 and a 12 month high of $6.58. The company’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.44. The firm has a market cap of $1.09 billion, a PE ratio of 5.18, a P/E/G ratio of 5.24 and a beta of 2.31. 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 (NYSE:KOS) last issued its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million for 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%. Equities research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.