The Manufacturers Life Insurance Company Decreases Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

The Manufacturers Life Insurance Company lowered its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,406 shares of the oil and gas producer’s stock after selling 5,481 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Kosmos Energy worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Graham Capital Wealth Management LLC acquired a new position in shares of Kosmos Energy in the third quarter worth about $2,443,000. Woodmont Investment Counsel LLC grew its holdings in Kosmos Energy by 137.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after acquiring an additional 283,624 shares in the last quarter. Millennium Management LLC increased its position in shares of Kosmos Energy by 34.9% in the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after purchasing an additional 606,195 shares during the last quarter. M&G PLC raised its stake in shares of Kosmos Energy by 20.0% in the 3rd quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after purchasing an additional 983,623 shares in the last quarter. Finally, Creative Planning lifted its holdings in Kosmos Energy by 1,274.2% during the 3rd quarter. Creative Planning now owns 217,556 shares of the oil and gas producer’s stock worth $877,000 after buying an additional 201,725 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KOS shares. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Mizuho initiated coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Benchmark cut their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Bank of America lowered their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.75.

Kosmos Energy Price Performance

Shares of NYSE:KOS opened at $3.14 on Friday. The firm’s 50 day moving average is $3.94 and its two-hundred day moving average is $4.67. The firm has a market capitalization of $1.48 billion, a P/E ratio of 7.13, a PEG ratio of 0.44 and a beta of 2.41. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 52 week low of $3.13 and a 52 week high of $7.07.

About Kosmos Energy

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.