Equinox Partners Investment Management LLC grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,421,895 shares of the oil and gas producer’s stock after buying an additional 3,218,394 shares during the quarter. Kosmos Energy accounts for 26.6% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 2nd largest position. Equinox Partners Investment Management LLC owned about 2.42% of Kosmos Energy worth $39,063,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Kosmos Energy in the third quarter worth approximately $28,000. Sapient Capital LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth $37,000. Signaturefd LLC increased its stake in shares of Kosmos Energy by 39,777.8% in the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of Kosmos Energy in the third quarter worth $43,000. Finally, Caprock Group LLC purchased a new stake in shares of Kosmos Energy in the third quarter worth $48,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on KOS. Mizuho dropped their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark lowered their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Sanford C. Bernstein lowered their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kosmos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.
Insiders Place Their Bets
In related news, SVP Josh R. Marion sold 16,144 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Christopher James Ball sold 84,898 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $264,881.76. Following the transaction, the senior vice president now directly owns 1,639,925 shares of the company’s stock, valued at approximately $5,116,566. This trade represents a 4.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% of the company’s stock.
Kosmos Energy Stock Down 9.3 %
Shares of Kosmos Energy stock opened at $2.89 on Tuesday. The firm’s 50 day moving average price is $3.35 and its 200-day moving average price is $3.86. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 52-week low of $2.62 and a 52-week high of $6.58. The company has a market cap of $1.36 billion, a P/E ratio of 6.56, a PEG ratio of 5.24 and a beta of 2.41.
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.
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.
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