Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis Sells 138,689 Shares

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kosmos Energy Stock Down 3.1 %

NYSE:KOS opened at $3.01 on Friday. Kosmos Energy Ltd. has a 1 year low of $2.62 and a 1 year high of $6.58. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 4.67 and a beta of 2.41. The stock has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $4.05.

Wall Street Analysts Forecast Growth

KOS has been the subject of several research reports. Mizuho lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Sanford C. Bernstein decreased their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark decreased their price objective on 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 raised Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fruth Investment Management grew its stake in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after acquiring an additional 2,500 shares during the period. nVerses Capital LLC lifted its holdings in shares of Kosmos Energy by 13.6% in the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 3,700 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 4,640 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Kosmos Energy by 42.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 4,921 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after purchasing an additional 6,300 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

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.