First Trust Advisors LP reduced its stake in shares of Kosmos Energy Ltd. (NYSE:KOS – Get Rating) by 67.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,785,548 shares of the oil and gas producer’s stock after selling 5,802,999 shares during the period. First Trust Advisors LP owned 0.61% of Kosmos Energy worth $17,716,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of KOS. PNC Financial Services Group Inc. grew its stake in Kosmos Energy by 143.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 2,110 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Kosmos Energy in the 4th quarter worth approximately $27,000. Captrust Financial Advisors grew its stake in Kosmos Energy by 50.1% in the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,467 shares during the period. Lazard Asset Management LLC purchased a new stake in Kosmos Energy in the 1st quarter worth approximately $45,000. Finally, Profund Advisors LLC purchased a new stake in Kosmos Energy in the 3rd quarter worth approximately $55,000. 87.13% of the stock is currently owned by institutional investors and hedge funds.
Kosmos Energy Stock Up 3.5 %
Shares of Kosmos Energy stock opened at $6.56 on Tuesday. The company has a fifty day moving average price of $6.79 and a 200 day moving average price of $6.89. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.52. Kosmos Energy Ltd. has a twelve month low of $4.64 and a twelve month high of $8.55. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.56 and a beta of 2.79.
Analyst Upgrades and Downgrades
Several analysts have commented on KOS shares. TheStreet cut shares of Kosmos Energy from a “b-” rating to a “c” rating in a research note on Monday, February 27th. Barclays lowered their price objective on shares of Kosmos Energy from $10.75 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, March 15th. StockNews.com assumed coverage on shares of Kosmos Energy in a research note on Thursday, May 18th. They set a “sell” rating for the company. Bank of America cut shares of Kosmos Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $9.60 in a research note on Tuesday, February 28th. Finally, Peel Hunt assumed coverage on shares of Kosmos Energy in a research note on Friday, March 10th. They set an “add” rating and a $8.94 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.71.
Kosmos Energy Profile
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.
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