Ieq Capital LLC Buys Shares of 341,681 Kosmos Energy Ltd. $KOS

Ieq Capital LLC purchased a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 341,681 shares of the oil and gas producer’s stock, valued at approximately $721,000. Ieq Capital LLC owned about 0.06% of Kosmos Energy at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Equinox Partners Investment Management LLC boosted its position in Kosmos Energy by 6.2% during the first quarter. Equinox Partners Investment Management LLC now owns 20,678,033 shares of the oil and gas producer’s stock worth $57,485,000 after acquiring an additional 1,208,053 shares during the last quarter. Vanguard Group Inc. raised its holdings in Kosmos Energy by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,320,597 shares of the oil and gas producer’s stock valued at $23,772,000 after acquiring an additional 286,593 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Kosmos Energy by 19.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after purchasing an additional 1,962,936 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kosmos Energy by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 11,272,318 shares of the oil and gas producer’s stock worth $10,230,000 after purchasing an additional 832,029 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Kosmos Energy by 3.0% during the third quarter. Invesco Ltd. now owns 9,903,093 shares of the oil and gas producer’s stock worth $16,439,000 after purchasing an additional 289,626 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Transactions at Kosmos Energy

In related news, SVP Josh R. Marion sold 24,969 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president owned 233,404 shares in the company, valued at approximately $478,478.20. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the transaction, the chief financial officer directly owned 1,935,410 shares in the company, valued at approximately $3,967,590.50. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 169,012 shares of company stock worth $346,475. 1.90% of the stock is currently owned by company insiders.

Kosmos Energy Trading Up 3.2%

Shares of KOS opened at $2.87 on Friday. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The firm has a market capitalization of $1.71 billion, a P/E ratio of -2.41, a price-to-earnings-growth ratio of 0.21 and a beta of 0.72. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 3.58. The stock’s fifty day simple moving average is $2.44 and its 200 day simple moving average is $2.56.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%. On average, equities research analysts forecast that Kosmos Energy Ltd. will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho upgraded Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high?impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.