Truist Financial Corp Buys Shares of 23,097 Kosmos Energy Ltd. (NYSE:KOS)

Truist Financial Corp purchased a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,097 shares of the oil and gas producer’s stock, valued at approximately $172,000.

A number of other institutional investors also recently modified their holdings of KOS. Raymond James & Associates purchased a new stake in shares of Kosmos Energy during the 1st quarter valued at approximately $387,000. Bank of New York Mellon Corp lifted its stake in Kosmos Energy by 7.5% in the 1st 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 purchasing an additional 128,887 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Kosmos Energy in the 1st quarter worth approximately $159,000. Private Advisor Group LLC lifted its stake in Kosmos Energy by 31.9% in the 1st quarter. Private Advisor Group LLC now owns 41,527 shares of the oil and gas producer’s stock worth $299,000 after purchasing an additional 10,045 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 purchasing an additional 2,110 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Redburn Partners assumed coverage on shares of Kosmos Energy in a research note on Thursday, July 20th. They issued a “buy” rating and a $9.00 target price on the stock. Barclays decreased their price target on shares of Kosmos Energy from $9.50 to $9.40 and set an “overweight” rating on the stock in a report on Tuesday, August 8th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Kosmos Energy in a report on Tuesday, August 8th. StockNews.com began coverage on shares of Kosmos Energy in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, TheStreet raised shares of Kosmos Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.32.

Insider Activity at Kosmos Energy

In related news, Director Deanna L. Goodwin sold 112,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $6.69, for a total transaction of $749,280.00. Following the transaction, the director now owns 99,532 shares of the company’s stock, valued at approximately $665,869.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.79% of the stock is owned by insiders.

Kosmos Energy Price Performance

KOS stock opened at $7.19 on Tuesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.44 and a current ratio of 0.80. Kosmos Energy Ltd. has a 52 week low of $4.64 and a 52 week high of $8.55. The firm’s fifty day moving average is $6.64 and its 200 day moving average is $6.82. The firm has a market cap of $3.31 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.01 and a beta of 2.78.

Kosmos Energy (NYSE:KOS) last released its earnings results on Sunday, August 6th. The oil and gas producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Kosmos Energy had a net margin of 12.72% and a return on equity of 35.41%. The business had revenue of $273.32 million for the quarter. During the same quarter in the prior year, the company posted $0.28 earnings per share. Research analysts predict that Kosmos Energy Ltd. will post 0.92 earnings per share for the current year.

About Kosmos Energy

Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as a gas projects located in offshore Mauritania and Senegal.