Rhumbline Advisers Increases Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Rhumbline Advisers lifted its position in Kosmos Energy Ltd. (NYSE:KOS) by 14.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,204 shares of the oil and gas producer’s stock after buying an additional 85,431 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Kosmos Energy worth $1,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Kosmos Energy in the fourth quarter worth about $34,000. Disciplined Investors L.L.C. purchased a new stake in shares of Kosmos Energy in the fourth quarter worth about $36,000. Boothbay Fund Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $45,000. RPO LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $59,000. Finally, Stifel Financial Corp raised its stake in Kosmos Energy by 24.9% in the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer’s stock valued at $67,000 after purchasing an additional 3,932 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Kosmos Energy Stock Down 2.9%

Shares of NYSE KOS opened at $2.17 on Thursday. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $5.97. The company has a debt-to-equity ratio of 2.59, a current ratio of 0.76 and a quick ratio of 0.40. The firm’s 50 day simple moving average is $1.79 and its two-hundred day simple moving average is $2.55. The stock has a market capitalization of $1.03 billion, a P/E ratio of -72.14 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a negative net margin of 0.80% and a negative return on equity of 0.63%. The business had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. As a group, analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now owns 29,921 shares in the company, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

KOS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a research note on Friday, May 16th. Mizuho lowered their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and a consensus target price of $4.93.

Kosmos Energy 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.