Dimensional Fund Advisors LP Raises Stock Position in Kosmos Energy Ltd. $KOS

Dimensional Fund Advisors LP increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,083,075 shares of the oil and gas producer’s stock after acquiring an additional 1,204,789 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kosmos Energy were worth $19,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Kosmos Energy by 93.9% in the fourth quarter. Captrust Financial Advisors now owns 28,601 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 13,854 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Kosmos Energy during the fourth quarter worth $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $31,000. Abel Hall LLC purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at $36,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Kosmos Energy by 35.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 11,209 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CFO Nealesh D. Shah sold 45,980 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total transaction of $94,259.00. Following the sale, the chief financial officer owned 1,935,410 shares in the company, valued at approximately $3,967,590.50. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the completion of the transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 294,580 shares of company stock worth $689,275. 1.90% of the stock is owned by corporate insiders.

Kosmos Energy Trading Up 5.1%

NYSE:KOS opened at $2.47 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of -2.08, a PEG ratio of 0.17 and a beta of 0.72. The company has a current ratio of 0.59, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. Kosmos Energy Ltd. has a 12 month low of $0.84 and a 12 month high of $3.34. The firm has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.42.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $607.25 million for the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research note on Thursday, April 9th. Finally, Stephens cut their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Kosmos Energy presently has an average rating of “Reduce” and a consensus price target of $2.53.

Kosmos Energy Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.