Vaughan Nelson Investment Management L.P. Raises Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Vaughan Nelson Investment Management L.P. increased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,312,199 shares of the oil and gas producer’s stock after purchasing an additional 1,166,726 shares during the quarter. Kosmos Energy makes up 1.3% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 20th largest position. Vaughan Nelson Investment Management L.P. owned 0.06% of Kosmos Energy worth $145,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KOS. Mirae Asset Global Investments Co. Ltd. increased its position in Kosmos Energy by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 205,527 shares of the oil and gas producer’s stock valued at $1,379,000 after buying an additional 4,057 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kosmos Energy by 12.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,702 shares of the oil and gas producer’s stock valued at $709,000 after buying an additional 11,807 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Kosmos Energy during the 4th quarter valued at about $27,000. Jennison Associates LLC increased its position in Kosmos Energy by 81.7% during the 4th quarter. Jennison Associates LLC now owns 5,736,668 shares of the oil and gas producer’s stock valued at $38,493,000 after buying an additional 2,580,191 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Kosmos Energy by 8.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 369,647 shares of the oil and gas producer’s stock valued at $2,480,000 after buying an additional 28,803 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KOS has been the topic of a number of research reports. Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Sanford C. Bernstein cut their price objective on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Two investment analysts have rated the stock with 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 “Moderate Buy” and a consensus target price of $8.56.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock traded down $0.14 during trading hours on Friday, reaching $4.86. The stock had a trading volume of 4,471,469 shares, compared to its average volume of 6,605,270. The stock’s 50 day moving average is $5.36 and its 200 day moving average is $5.69. The company has a current ratio of 0.91, a quick ratio of 0.64 and a debt-to-equity ratio of 2.48. Kosmos Energy Ltd. has a twelve month low of $4.43 and a twelve month high of $8.28. The firm has a market capitalization of $2.29 billion, a PE ratio of 10.57, a PEG ratio of 0.43 and a beta of 2.41.

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.