Sheets Smith Wealth Management Purchases 25,290 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Sheets Smith Wealth Management raised its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 64.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,735 shares of the oil and gas producer’s stock after purchasing an additional 25,290 shares during the quarter. Sheets Smith Wealth Management’s holdings in Kosmos Energy were worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its position in Kosmos Energy by 4.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer’s stock valued at $145,769,000 after acquiring an additional 1,166,726 shares during the last quarter. American Century Companies Inc. boosted its position in Kosmos Energy by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after buying an additional 3,636,663 shares during the period. William Blair Investment Management LLC grew its stake in Kosmos Energy by 13.5% in the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after acquiring an additional 1,624,495 shares in the last quarter. Vanguard Group Inc. grew its stake in Kosmos Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock worth $77,328,000 after acquiring an additional 258,460 shares in the last quarter. Finally, Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy by 29.4% during the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after acquiring an additional 1,863,966 shares during the period. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Price Performance

NYSE:KOS opened at $3.62 on Monday. The company’s 50-day simple moving average is $4.12 and its 200-day simple moving average is $5.01. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.50 and a current ratio of 0.75. Kosmos Energy Ltd. has a fifty-two week low of $3.49 and a fifty-two week high of $7.20. The stock has a market capitalization of $1.71 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.25 and a beta of 2.42.

Analyst Ratings Changes

KOS has been the subject of a number of research reports. Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Mizuho initiated coverage on Kosmos Energy in a research report on Thursday, September 19th. They set a “neutral” rating and a $5.00 price target on the stock. Bank of America cut their price target on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Benchmark lowered their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and a consensus price target of $6.60.

Kosmos Energy Company 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.