Bank of America Corp DE Sells 3,008,988 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Bank of America Corp DE trimmed its position in Kosmos Energy Ltd. (NYSE:KOS) by 46.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,405,405 shares of the oil and gas producer’s stock after selling 3,008,988 shares during the period. Bank of America Corp DE owned about 0.72% of Kosmos Energy worth $11,646,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Kosmos Energy by 22.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares during the period. American Century Companies Inc. lifted its stake in shares of Kosmos Energy by 11.3% in the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after purchasing an additional 2,997,438 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Kosmos Energy by 28.1% in the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares during the period. Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Kosmos Energy by 1.2% in the 4th quarter. Invesco Ltd. now owns 7,771,597 shares of the oil and gas producer’s stock valued at $26,579,000 after purchasing an additional 89,356 shares during the period. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Stock Performance

NYSE KOS opened at $1.58 on Friday. The company has a market capitalization of $752.86 million, a price-to-earnings ratio of 3.58, a PEG ratio of 5.24 and a beta of 1.46. Kosmos Energy Ltd. has a twelve month low of $1.39 and a twelve month high of $6.22. The stock has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $2.81. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The business had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Sell-side analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

KOS has been the topic of several research analyst reports. Mizuho dropped their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. The Goldman Sachs Group dropped their price target on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Wall Street Zen raised Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.93.

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.