MetLife Investment Management LLC Has $620,000 Stock Position in Kosmos Energy Ltd. $KOS

MetLife Investment Management LLC raised its position in Kosmos Energy Ltd. (NYSE:KOS) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 271,790 shares of the oil and gas producer’s stock after acquiring an additional 17,885 shares during the period. MetLife Investment Management LLC owned about 0.06% of Kosmos Energy worth $620,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its holdings in Kosmos Energy by 9.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 25,527,101 shares of the oil and gas producer’s stock valued at $58,202,000 after acquiring an additional 2,110,306 shares in the last quarter. Patient Capital Management LLC raised its holdings in Kosmos Energy by 81.6% in the 4th quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after acquiring an additional 7,707,707 shares in the last quarter. Invesco Ltd. raised its holdings in Kosmos Energy by 40.2% in the 1st quarter. Invesco Ltd. now owns 10,898,600 shares of the oil and gas producer’s stock valued at $24,849,000 after acquiring an additional 3,127,003 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kosmos Energy by 11.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,784,911 shares of the oil and gas producer’s stock valued at $17,750,000 after acquiring an additional 815,582 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Kosmos Energy by 26.8% in the 1st quarter. Russell Investments Group Ltd. now owns 5,319,520 shares of the oil and gas producer’s stock valued at $12,129,000 after acquiring an additional 1,125,724 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen raised Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Benchmark reiterated a “hold” rating on shares of Kosmos Energy in a research note 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 on the stock in a research note on Monday, May 19th. Finally, Mizuho lowered 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4.93.

Kosmos Energy Stock Down 4.7%

NYSE KOS opened at $1.64 on Monday. The firm has a market cap of $784.33 million, a PE ratio of -4.97 and a beta of 1.57. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $4.69. The stock’s 50 day simple moving average is $1.92 and its 200 day simple moving average is $1.96. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.45 and a quick ratio of 0.25.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The business had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. Kosmos Energy had a negative return on equity of 14.16% and a negative net margin of 10.74%. As a group, sell-side analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

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.