Goldman Sachs Group Inc. increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 134.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,683,128 shares of the oil and gas producer’s stock after buying an additional 2,111,884 shares during the period. Goldman Sachs Group Inc. owned approximately 0.95% of Kosmos Energy worth $24,529,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Kosmos Energy during the fourth quarter worth $1,670,000. Comerica Bank bought a new position in Kosmos Energy during the fourth quarter worth $105,000. State Street Corp increased its position in Kosmos Energy by 3.1% in the fourth quarter. State Street Corp now owns 3,070,921 shares of the oil and gas producer’s stock worth $21,528,000 after buying an additional 93,639 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Kosmos Energy during the fourth quarter worth $189,000. Finally, Dimensional Fund Advisors LP increased its position in Kosmos Energy by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,283,354 shares of the oil and gas producer’s stock worth $30,027,000 after buying an additional 89,212 shares in the last quarter.
Kosmos Energy Ltd. (KOS) traded up 5.82% on Friday, reaching $6.55. 1,995,048 shares of the company traded hands. Kosmos Energy Ltd. has a 1-year low of $4.39 and a 1-year high of $7.90. The stock’s 50-day moving average is $6.28 and its 200-day moving average is $6.29. The stock’s market capitalization is $2.54 billion.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $152 million during the quarter, compared to analyst estimates of $173.10 million. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The firm’s quarterly revenue was up 144.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. Equities research analysts expect that Kosmos Energy Ltd. will post ($0.33) EPS for the current year.
KOS has been the subject of a number of research reports. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. BMO Capital Markets reissued a “buy” rating and set a $10.00 target price on shares of Kosmos Energy in a research report on Friday, April 21st. Scotiabank reissued a “hold” rating and set a $7.00 target price on shares of Kosmos Energy in a research report on Tuesday, May 9th. Citigroup Inc. reduced their target price on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC raised their price objective on shares of Kosmos Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $8.50.
In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $7.15, for a total transaction of $214,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.80% of the company’s stock.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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