Woodstock Corp continued to hold its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,618 shares of the oil and gas producer’s stock at the end of the second quarter. Woodstock Corp’s holdings in Kosmos Energy were worth $107,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of KOS. Teacher Retirement System of Texas increased its stake in shares of Kosmos Energy by 40.8% in the first quarter. Teacher Retirement System of Texas now owns 15,389 shares of the oil and gas producer’s stock valued at $102,000 after buying an additional 4,463 shares during the period. Comerica Bank bought a new stake in shares of Kosmos Energy during the fourth quarter valued at about $105,000. Koch Industries Inc. bought a new stake in shares of Kosmos Energy during the first quarter valued at about $115,000. Creative Planning bought a new stake in shares of Kosmos Energy during the second quarter valued at about $128,000. Finally, Amalgamated Bank increased its stake in shares of Kosmos Energy by 3.3% in the first quarter. Amalgamated Bank now owns 22,537 shares of the oil and gas producer’s stock valued at $150,000 after buying an additional 720 shares during the period.
Shares of Kosmos Energy Ltd. (NYSE:KOS) traded up 3.36% on Tuesday, reaching $7.08. 2,694,358 shares of the company were exchanged. The stock’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 12-month low of $4.39 and a 12-month high of $7.90.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $146.50 million for the quarter, compared to analysts’ expectations of $168.71 million. During the same period in the prior year, the company posted ($0.11) EPS. The business’s revenue for the quarter was up 220.6% compared to the same quarter last year. On average, analysts predict that Kosmos Energy Ltd. will post ($0.29) EPS for the current fiscal year.
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Several equities research analysts have issued reports on KOS shares. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. Johnson Rice started coverage on shares of Kosmos Energy in a research report on Tuesday, June 20th. They set a “buy” rating for the company. Citigroup Inc. cut their price objective 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. BMO Capital Markets set a $10.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Thursday, May 25th. Finally, Jefferies Group LLC lifted their price target on shares of Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.50.
In other Kosmos Energy news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.80% of the company’s stock.
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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