Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,668 shares of the oil and gas producer’s stock after selling 18,776 shares during the period. Victory Capital Management Inc.’s holdings in Kosmos Energy were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KOS. Boothbay Fund Management LLC acquired a new position in Kosmos Energy during the fourth quarter worth about $45,000. Inscription Capital LLC acquired a new position in shares of Kosmos Energy in the first quarter valued at approximately $46,000. Sapient Capital LLC raised its position in shares of Kosmos Energy by 125.4% in the first quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 13,441 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Kosmos Energy in the first quarter valued at approximately $63,000. Finally, Signaturefd LLC grew its stake in Kosmos Energy by 200.6% during the first quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 18,405 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Down 9.3%

KOS opened at $1.95 on Friday. The firm’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $2.23. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.40 and a current ratio of 0.76. Kosmos Energy Ltd. has a twelve month low of $1.38 and a twelve month high of $5.23. The firm has a market cap of $932.12 million, a price-to-earnings ratio of -64.98 and a beta of 1.49.

Kosmos Energy (NYSE:KOS) last posted 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). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The business had revenue of $290.43 million for the quarter, compared to the consensus estimate of $338.23 million. Equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KOS shares. The Goldman Sachs Group decreased their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Benchmark reiterated a “hold” rating on shares of Kosmos Energy in a research note on Thursday, June 5th. Mizuho decreased their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.93.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy 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 transaction of $50,540.63. Following the sale, the director directly owned 29,921 shares in the company, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.99% of the stock is owned by corporate insiders.

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.