UBS Asset Management Americas Inc. raised its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 5.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,841 shares of the oil and gas producer’s stock after buying an additional 10,237 shares during the period. UBS Asset Management Americas Inc. owned 0.05% of Kosmos Energy worth $1,358,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $1,670,000. Comerica Bank acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $105,000. State Street Corp boosted its position in shares of 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 during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Kosmos Energy during the fourth quarter worth about $189,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 during the period.
Shares of Kosmos Energy Ltd. (KOS) traded up 3.36% during mid-day trading on Tuesday, reaching $7.08. 2,693,958 shares of the company traded hands. The firm’s market capitalization is $2.74 billion. The firm has a 50-day moving average price of $6.30 and a 200 day moving average price of $6.29. Kosmos Energy Ltd. has a 52 week low of $4.39 and a 52 week high of $7.90.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The company had revenue of $146.50 million during the quarter, compared to analyst estimates of $168.71 million. During the same period last year, the firm posted ($0.11) EPS. Kosmos Energy’s revenue for the quarter was up 220.6% compared to the same quarter last year. On average, analysts anticipate that Kosmos Energy Ltd. will post ($0.29) earnings per share for the current year.
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Several research analysts have issued reports on KOS shares. Scotiabank reaffirmed a “hold” rating and issued a $7.00 target price on shares of Kosmos Energy in a report on Tuesday, May 9th. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday, April 17th. BidaskClub raised shares of Kosmos Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. BMO Capital Markets set a $10.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Thursday, May 25th. Finally, Citigroup Inc. decreased their target price on shares of Kosmos Energy from $10.00 to $8.50 and set a “buy” rating for the company in a report on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.50.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’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 legal filing with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by company insiders.
Kosmos Energy Company Profile
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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