Kosmos Energy Ltd. (NYSE:KOS) Holdings Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 73.8% in the 4th quarter, HoldingsChannel reports. The firm owned 279,373 shares of the oil and gas producer’s stock after selling 787,151 shares during the quarter. Mackenzie Financial Corp’s holdings in Kosmos Energy were worth $1,875,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Procyon Advisors LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $74,000. Westhampton Capital LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $81,000. Valeo Financial Advisors LLC purchased a new stake in shares of Kosmos Energy during the third quarter valued at $104,000. Oak Thistle LLC purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at $119,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Kosmos Energy by 25.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 15,888 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 3,221 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KOS has been the topic of several recent analyst reports. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. TheStreet lowered Kosmos Energy from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Moderate Buy” and an average target price of $9.63.

Insiders Place Their Bets

In other Kosmos Energy news, CEO Andrew G. Inglis sold 166,524 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value 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 approximately $23,572,084.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Ronald W. Glass sold 17,525 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was 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 owns 290,855 shares in the company, valued at approximately $1,753,855.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew G. Inglis sold 166,524 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value 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 approximately $23,572,084.05. The disclosure for this sale can be found here. Insiders have sold a total of 335,337 shares of company stock valued at $2,022,082 in the last three months. Insiders own 1.79% of the company’s stock.

Kosmos Energy Stock Down 0.7 %

NYSE:KOS opened at $5.83 on Wednesday. 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 Ltd. has a 1-year low of $5.23 and a 1-year high of $8.28. The business’s fifty day moving average price is $5.89 and its 200 day moving average price is $6.43. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.74 and a beta of 2.37.

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

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.