Ethic Inc. Has $197,000 Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Ethic Inc. cut its holdings in Kosmos Energy Ltd. (NYSE:KOS – Get Rating) by 9.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,067 shares of the oil and gas producer’s stock after selling 4,170 shares during the period. Ethic Inc.’s holdings in Kosmos Energy were worth $197,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James & Associates acquired a new stake in Kosmos Energy during the first quarter worth about $387,000. Bank of New York Mellon Corp grew its stake in Kosmos Energy by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 1,845,793 shares of the oil and gas producer’s stock worth $13,272,000 after buying an additional 128,887 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Kosmos Energy during the first quarter worth about $159,000. Private Advisor Group LLC grew its stake in Kosmos Energy by 31.9% during the first quarter. Private Advisor Group LLC now owns 41,527 shares of the oil and gas producer’s stock worth $299,000 after buying an additional 10,045 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Kosmos Energy by 143.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares in the last quarter. 87.13% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Down 5.6 %

Shares of NYSE KOS opened at $7.12 on Friday. The company has a 50 day simple moving average of $7.47 and a 200 day simple moving average of $6.68. The firm has a market cap of $3.27 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.43 and a beta of 2.77. Kosmos Energy Ltd. has a 1 year low of $4.64 and a 1 year high of $8.55. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.82 and a quick ratio of 0.58.

Kosmos Energy (NYSE:KOS – Get Rating) last released its quarterly earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Kosmos Energy had a net margin of 9.85% and a return on equity of 66.00%. The firm had revenue of $563.72 million during the quarter. During the same quarter in the previous year, the business posted $0.13 EPS. On average, research analysts forecast that Kosmos Energy Ltd. will post 1.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KOS shares. Bank of America downgraded shares of Kosmos Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $9.60 in a research note on Tuesday, February 28th. TheStreet cut shares of Kosmos Energy from a “b-” rating to a “c” rating in a report on Monday, February 27th. Barclays dropped their target price on shares of Kosmos Energy from $11.00 to $10.75 and set an “overweight” rating for the company in a report on Friday, January 13th. StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Monday, February 27th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Kosmos Energy in a report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.97.

Kosmos Energy Profile

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.