Kosmos Energy Ltd. (NYSE:KOS) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 101.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,773,690 shares of the oil and gas producer’s stock after purchasing an additional 893,690 shares during the quarter. Royce & Associates LP owned about 0.38% of Kosmos Energy worth $6,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 39.2% during 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 buying an additional 3,218,394 shares in the last quarter. Bridgewater Associates LP lifted its holdings in Kosmos Energy by 149.7% in the 3rd quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock valued at $13,220,000 after acquiring an additional 1,966,437 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Kosmos Energy by 8.1% during 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 in the last quarter. Barclays PLC grew its stake in shares of Kosmos Energy by 46.5% in the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after purchasing an additional 962,057 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Kosmos Energy by 13.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer’s stock worth $23,835,000 after purchasing an additional 847,635 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

KOS stock opened at $2.31 on Thursday. The firm has a 50 day simple moving average of $3.01 and a 200 day simple moving average of $3.57. Kosmos Energy Ltd. has a 52 week low of $2.07 and a 52 week high of $6.58. The stock has a market cap of $1.10 billion, a P/E ratio of 5.24, a P/E/G ratio of 5.24 and a beta of 2.31. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The company had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. Research analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KOS shares. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Mizuho decreased their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.52.

Insider Buying and Selling at Kosmos Energy

In related news, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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. The trade was a 8.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Nealesh D. Shah sold 56,987 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the transaction, the chief financial officer now owns 1,711,580 shares in the company, valued at $5,340,129.60. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock worth $1,572,386 over the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

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.