Phoenix Financial Ltd. Purchases 18,617,826 Shares of Kosmos Energy Ltd. $KOS

Phoenix Financial Ltd. acquired a new stake in Kosmos Energy Ltd. (NYSE:KOS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,617,826 shares of the oil and gas producer’s stock, valued at approximately $47,291,000. Phoenix Financial Ltd. owned approximately 3.13% of Kosmos Energy at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Kosmos Energy by 14.2% in the 1st quarter. Bank of America Corp DE now owns 5,541,020 shares of the oil and gas producer’s stock valued at $15,404,000 after purchasing an additional 689,800 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Kosmos Energy by 321.9% in the 2nd quarter. Banco Santander S.A. now owns 525,378 shares of the oil and gas producer’s stock worth $1,109,000 after purchasing an additional 400,842 shares during the period. Squarepoint Ops LLC lifted its position in shares of Kosmos Energy by 813.3% in the 2nd quarter. Squarepoint Ops LLC now owns 1,376,536 shares of the oil and gas producer’s stock worth $2,904,000 after purchasing an additional 1,225,813 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Kosmos Energy by 20.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after purchasing an additional 1,204,789 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Kosmos Energy by 224.0% during the first quarter. Renaissance Technologies LLC now owns 5,339,638 shares of the oil and gas producer’s stock valued at $14,844,000 after purchasing an additional 3,691,800 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Up 2.3%

Kosmos Energy stock traded up $0.05 during trading hours on Friday, reaching $2.24. The stock had a trading volume of 8,643,969 shares, compared to its average volume of 18,069,620. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -2.24, a PEG ratio of 0.33 and a beta of 0.78. The business’s 50 day moving average price is $2.64 and its 200-day moving average price is $2.55. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $3.34. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.54 and a quick ratio of 0.34.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, November 2nd. The oil and gas producer reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Kosmos Energy had a negative net margin of 27.21% and a negative return on equity of 1.67%. The firm had revenue of $410.06 million during the quarter, compared to the consensus estimate of $466.11 million. Sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KOS shares. Sanford C. Bernstein lifted their price objective on shares of Kosmos Energy from $1.90 to $2.00 and gave the company a “market perform” rating in a report on Thursday. Wall Street Zen lowered Kosmos Energy from a “buy” rating to a “hold” rating in a report on Sunday, November 8th. Stephens dropped their target price on Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Jefferies Financial Group cut Kosmos Energy from a “buy” rating to a “hold” rating and increased their target price for the company from $2.75 to $2.90 in a research report on Wednesday, October 28th. Finally, Mizuho upgraded Kosmos Energy to a “strong sell” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $2.54.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent international energy company focused on exploring for and producing oil and natural gas, with an emphasis on deepwater projects. Founded in 2003, the company is headquartered in Dallas, Texas. Its operations are concentrated in West Africa. Kosmos has interests in producing oil fields offshore Ghana and is involved in the Greater Tortue Ahmeyim natural gas project, which spans the maritime area between Mauritania and Senegal and is designed to produce liquefied natural gas.