Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 30.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,565 shares of the oil and gas producer’s stock after selling 60,396 shares during the quarter. XTX Topco Ltd’s holdings in Kosmos Energy were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Encompass Capital Advisors LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $35,723,000. Patient Capital Management LLC boosted its position in shares of Kosmos Energy by 81.6% during the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock worth $58,645,000 after acquiring an additional 7,707,707 shares in the last quarter. Barclays PLC boosted its position in shares of Kosmos Energy by 85.0% during the 4th quarter. Barclays PLC now owns 5,611,213 shares of the oil and gas producer’s stock worth $19,190,000 after acquiring an additional 2,578,431 shares in the last quarter. Portolan Capital Management LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $5,532,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Kosmos Energy by 86.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,590,000 shares of the oil and gas producer’s stock worth $8,858,000 after acquiring an additional 1,200,000 shares in the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Stock Down 4.7%

Kosmos Energy stock opened at $1.74 on Monday. Kosmos Energy Ltd. has a fifty-two week low of $1.39 and a fifty-two week high of $5.08. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.25 and a current ratio of 0.45. The company has a market capitalization of $829.76 million, a P/E ratio of -5.26 and a beta of 1.49. The stock has a 50-day simple moving average of $2.02 and a 200-day simple moving average of $2.16.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $444.26 million. Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. Equities research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Insider Buying and Selling

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total transaction of $50,540.63. Following the completion of the sale, the director directly owned 29,921 shares of the company’s stock, valued at $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KOS has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. The Goldman Sachs Group lowered their price objective on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Mizuho lowered their price objective on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised 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 given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.93.

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.