Mirae Asset Global Investments Co. Ltd. Raises Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 205,527 shares of the oil and gas producer’s stock after purchasing an additional 4,057 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Kosmos Energy were worth $1,379,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Kosmos Energy by 9.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer’s stock worth $171,488,000 after purchasing an additional 1,845,273 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Kosmos Energy by 31.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock worth $31,084,000 after buying an additional 900,000 shares during the period. Jennison Associates LLC acquired a new stake in shares of Kosmos Energy during the third quarter worth about $25,820,000. PNC Financial Services Group Inc. boosted its stake in shares of Kosmos Energy by 93.1% during the third quarter. PNC Financial Services Group Inc. now owns 57,566 shares of the oil and gas producer’s stock worth $471,000 after buying an additional 27,759 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Kosmos Energy during the third quarter worth about $942,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Activity at Kosmos Energy

In other news, CAO Ronald W. Glass sold 17,525 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 $105,675.75. Following the completion of the sale, the chief accounting officer now directly owns 290,855 shares in the company, valued at approximately $1,753,855.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Ronald W. Glass sold 17,525 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 $105,675.75. Following the completion of the sale, the chief accounting officer now directly owns 290,855 shares in the company, valued at approximately $1,753,855.65. The transaction was disclosed in a legal filing with the SEC, which is available 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 sale, the chief executive officer now owns 3,909,135 shares of the company’s stock, valued at $23,572,084.05. The disclosure for this sale can be found here. Insiders sold a total of 335,337 shares of company stock worth $2,022,082 over the last 90 days. Company insiders own 1.79% of the company’s stock.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $5.98 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 2.32. The company has a market cap of $2.82 billion, a P/E ratio of 13.59, a PEG ratio of 0.74 and a beta of 2.37. Kosmos Energy Ltd. has a 52 week low of $5.23 and a 52 week high of $8.28. The company has a 50-day moving average price of $5.88 and a 200 day moving average price of $6.44.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $507.81 million during the quarter. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. During the same quarter in the previous year, the business earned $0.23 EPS. Research analysts predict that Kosmos Energy Ltd. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TheStreet downgraded shares of Kosmos Energy from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Kosmos Energy currently has an average rating of “Moderate Buy” and an average price target of $9.63.

Kosmos Energy Company 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.