Arizona State Retirement System Has $863,000 Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Arizona State Retirement System reduced its position in Kosmos Energy Ltd. (NYSE:KOS) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 128,621 shares of the oil and gas producer’s stock after selling 2,346 shares during the period. Arizona State Retirement System’s holdings in Kosmos Energy were worth $863,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Captrust Financial Advisors lifted 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 valued at $32,000 after purchasing an additional 1,467 shares during the last quarter. Advisory Services Network LLC lifted its stake in Kosmos Energy by 5.8% in the 1st quarter. Advisory Services Network LLC now owns 27,425 shares of the oil and gas producer’s stock valued at $197,000 after purchasing an additional 1,500 shares during the last quarter. Royal Bank of Canada raised its holdings in Kosmos Energy by 5.1% in the 1st quarter. Royal Bank of Canada now owns 33,606 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 1,618 shares during the period. PNC Financial Services Group Inc. raised its holdings 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 valued at $26,000 after acquiring an additional 2,110 shares during the period. Finally, Legal & General Group Plc raised its holdings in Kosmos Energy by 0.5% in the 3rd quarter. Legal & General Group Plc now owns 461,807 shares of the oil and gas producer’s stock valued at $3,778,000 after acquiring an additional 2,193 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KOS shares. TheStreet cut shares of Kosmos Energy from a “b” rating to a “c+” rating in a report on Monday, February 26th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $9.63.

Kosmos Energy Stock Up 0.6 %

Shares of KOS opened at $6.09 on Wednesday. Kosmos Energy Ltd. has a 12 month low of $5.23 and a 12 month high of $8.28. The firm’s 50 day moving average is $5.86 and its 200-day moving average is $6.47. The stock has a market capitalization of $2.87 billion, a PE ratio of 13.83, a P/E/G ratio of 0.77 and a beta of 2.37. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 2.32.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. The company had revenue of $507.81 million for the quarter. During the same period in the prior year, the business posted $0.23 earnings per share. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.75 EPS for the current year.

Insider Transactions at Kosmos Energy

In other news, CEO Andrew G. Inglis sold 166,524 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the transaction, the chief executive officer now directly owns 3,909,135 shares of the company’s stock, valued at $23,572,084.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Nealesh D. Shah sold 84,672 shares of Kosmos Energy stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $510,572.16. Following the transaction, the chief financial officer now directly owns 1,502,206 shares of the company’s stock, valued at $9,058,302.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew G. Inglis sold 166,524 shares of Kosmos Energy stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the completion of the transaction, the chief executive officer now directly owns 3,909,135 shares in the company, valued at $23,572,084.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 335,337 shares of company stock valued at $2,022,082. 1.79% of the stock is currently owned by company insiders.

Kosmos Energy Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas 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 gas projects located in offshore Mauritania and Senegal.