Victory Capital Management Inc. decreased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 28.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,904,955 shares of the oil and gas producer’s stock after selling 1,559,255 shares during the period. Victory Capital Management Inc. owned approximately 1.00% of Kosmos Energy worth $31,083,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its position in shares of Kosmos Energy by 3.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 32,868,521 shares of the oil and gas producer’s stock worth $210,687,000 after acquiring an additional 1,010,626 shares in the last quarter. Capital Research Global Investors increased its position in shares of Kosmos Energy by 15.9% in the second quarter. Capital Research Global Investors now owns 30,153,256 shares of the oil and gas producer’s stock worth $193,282,000 after acquiring an additional 4,130,107 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Kosmos Energy by 5.2% during the second quarter. BlackRock Inc. now owns 16,060,043 shares of the oil and gas producer’s stock worth $102,942,000 after purchasing an additional 787,145 shares during the period. Prudential PLC boosted its holdings in shares of Kosmos Energy by 17.4% during the second quarter. Prudential PLC now owns 13,751,861 shares of the oil and gas producer’s stock worth $88,149,000 after purchasing an additional 2,036,371 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Kosmos Energy by 211.1% during the second quarter. Capital World Investors now owns 12,166,289 shares of the oil and gas producer’s stock worth $77,986,000 after purchasing an additional 8,255,929 shares during the period.
Shares of Kosmos Energy Ltd. (KOS) opened at $7.91 on Friday. Kosmos Energy Ltd. has a 52 week low of $4.60 and a 52 week high of $8.62. The company has a current ratio of 1.66, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.
Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative return on equity of 8.88% and a negative net margin of 23.83%. The firm’s quarterly revenue was up 126.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. research analysts expect that Kosmos Energy Ltd. will post -0.34 EPS for the current year.
Several research firms recently commented on KOS. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Royal Bank Of Canada set a $15.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Friday, October 27th. Scotiabank upgraded shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. Howard Weil upgraded shares of Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 target price for the company in a research note on Thursday, October 26th. Finally, BMO Capital Markets set a $11.00 target price on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.50.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now directly owns 65,191 shares in the company, valued at approximately $558,686.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.80% of the company’s stock.
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About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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