Smith Moore & CO. Increases Position in Kosmos Energy Ltd. (NYSE:KOS)

Smith Moore & CO. increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 52.2% during the fourth quarter, Holdings Channel reports. The fund owned 29,144 shares of the oil and gas producer’s stock after acquiring an additional 9,999 shares during the quarter. Smith Moore & CO.’s holdings in Kosmos Energy were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after acquiring an additional 2,997,438 shares during the period. William Blair Investment Management LLC increased its position in Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock worth $64,104,000 after purchasing an additional 4,114,499 shares during the last quarter. Equinox Partners Investment Management LLC raised 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 worth $39,063,000 after purchasing an additional 3,218,394 shares during the period. Geode Capital Management LLC grew its stake in shares of Kosmos Energy by 0.7% during the 3rd 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 buying an additional 68,339 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kosmos Energy by 13.8% during the 4th 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 buying an additional 847,635 shares during the period. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KOS. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. The Goldman Sachs Group cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Mizuho reduced their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kosmos Energy currently has a consensus rating of “Hold” and an average price target of $5.27.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now directly owns 172,057 shares of the company’s stock, valued at $536,817.84. This trade represents a 8.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ronald W. Glass sold 10,354 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the completion of the sale, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at $934,433.76. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock worth $1,572,386 in the last 90 days. 2.02% of the stock is owned by corporate insiders.

Kosmos Energy Trading Down 16.9 %

NYSE KOS opened at $1.50 on Monday. The stock has a market cap of $714.47 million, a P/E ratio of 3.40, a PEG ratio of 5.24 and a beta of 1.94. The company’s fifty day simple moving average is $2.66 and its 200-day simple moving average is $3.39. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 52 week low of $1.39 and a 52 week high of $6.58.

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

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.