Caxton Associates LLP Boosts Stake in Kosmos Energy Ltd. $KOS

Caxton Associates LLP raised its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 70.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 828,839 shares of the oil and gas producer’s stock after acquiring an additional 343,206 shares during the quarter. Caxton Associates LLP owned approximately 0.17% of Kosmos Energy worth $2,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in Kosmos Energy during the first quarter valued at about $31,000. Abel Hall LLC acquired a new stake in shares of Kosmos Energy in the 1st quarter worth $36,000. KBC Group NV acquired a new stake in Kosmos Energy in the first quarter worth about $44,000. Baer Investment Advisory LLC acquired a new stake in Kosmos Energy in the 1st quarter worth approximately $53,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Kosmos Energy during the first quarter worth $60,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Roy A. Franklin sold 43,466 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew G. Inglis sold 85,935 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $176,166.75. Following the completion of the transaction, the chief executive officer directly owned 4,678,043 shares in the company, valued at $9,589,988.15. This represents a 1.80% 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. Over the last quarter, insiders have sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

KOS has been the topic of several recent research reports. Royal Bank Of Canada lowered shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Mizuho reaffirmed an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a report on Wednesday, May 27th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Kosmos Energy presently has a consensus rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Trading Down 3.6%

Shares of NYSE:KOS opened at $2.64 on Friday. The business’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.33. Kosmos Energy Ltd. has a 1 year low of $0.84 and a 1 year high of $3.34. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -1.57, a price-to-earnings-growth ratio of 0.32 and a beta of 0.71. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. On average, equities research analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

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.