Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah Sells 78,015 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah sold 78,015 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $243,406.80. Following the completion of the sale, the chief financial officer now owns 1,555,374 shares of the company’s stock, valued at $4,852,766.88. This trade represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Kosmos Energy Stock Down 3.1 %

Shares of KOS opened at $3.01 on Friday. The firm has a market capitalization 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 company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The business’s fifty day moving average price is $3.43 and its two-hundred day moving average price is $4.05. Kosmos Energy Ltd. has a 52 week low of $2.62 and a 52 week high of $6.58.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KOS. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Benchmark cut their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Sanford C. Bernstein dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Mizuho lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.52.

Institutional Trading of Kosmos Energy

Several hedge funds have recently added to or reduced their stakes in KOS. Vaughan Nelson Investment Management L.P. raised its stake in shares of Kosmos Energy by 7.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock valued at $113,828,000 after purchasing an additional 1,933,216 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kosmos Energy by 8.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock valued at $85,202,000 after purchasing an additional 1,588,990 shares during the period. Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kosmos Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after acquiring an additional 68,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Kosmos Energy by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer’s stock valued at $23,835,000 after acquiring an additional 847,635 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

About Kosmos Energy

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.