Man Group plc Invests $2.41 Million in Kosmos Energy Ltd. $KOS

Man Group plc purchased a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,142,835 shares of the oil and gas producer’s stock, valued at approximately $2,411,000. Man Group plc owned about 0.19% of Kosmos Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KOS. Goldman Sachs Group Inc. raised its stake in shares of Kosmos Energy by 175.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after purchasing an additional 4,308,275 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Kosmos Energy by 224.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after acquiring an additional 3,691,800 shares during the period. First Trust Advisors LP lifted its position in Kosmos Energy by 66.9% during the fourth quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after purchasing an additional 2,825,517 shares during the period. Squarepoint Ops LLC boosted its holdings in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after purchasing an additional 2,477,102 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kosmos Energy by 19.5% in 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. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In related news, SVP Josh R. Marion sold 24,969 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the completion of the transaction, the senior vice president owned 233,404 shares in the company, valued at $478,478.20. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 the company’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 1,935,410 shares in the company, valued at $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. Insiders sold a total of 169,012 shares of company stock worth $346,475 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

Kosmos Energy Stock Up 3.5%

Shares of NYSE KOS opened at $2.96 on Wednesday. Kosmos Energy Ltd. has a 1 year low of $0.84 and a 1 year high of $3.34. The firm has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $2.59. The company has a market cap of $1.76 billion, a P/E ratio of -2.49, a PEG ratio of 0.21 and a beta of 0.73. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.38.

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

Analysts Set New Price Targets

A number of brokerages recently commented on KOS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Finally, Stephens reduced 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. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Reduce” and a consensus price target of $2.53.

About Kosmos Energy

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.