Van ECK Associates Corp Has $350,000 Position in Kosmos Energy Ltd. (NYSE:KOS)

Van ECK Associates Corp lessened its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 67.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,217 shares of the oil and gas producer’s stock after selling 212,269 shares during the period. Van ECK Associates Corp’s holdings in Kosmos Energy were worth $350,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy during the third quarter worth approximately $28,000. Sapient Capital LLC bought a new position in Kosmos Energy during the 4th quarter worth $37,000. Signaturefd LLC raised its position in Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new position in Kosmos Energy during the 3rd quarter worth $43,000. Finally, Caprock Group LLC bought a new position in shares of Kosmos Energy in the 3rd quarter worth about $48,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KOS. Mizuho reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Sanford C. Bernstein cut their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Benchmark cut their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.52.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $3.21 on Friday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 5.24 and a beta of 2.41. Kosmos Energy Ltd. has a 12-month low of $2.62 and a 12-month high of $6.58. The firm has a 50 day moving average of $3.35 and a 200 day moving average of $3.88. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

Insider Activity at Kosmos Energy

In related news, CAO Ronald W. Glass sold 16,182 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew G. Inglis sold 102,701 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $320,427.12. Following the sale, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% of the company’s stock.

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.