Voya Investment Management LLC Sells 13,059 Shares of Kosmos Energy Ltd. $KOS

Voya Investment Management LLC lowered its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,196 shares of the oil and gas producer’s stock after selling 13,059 shares during the quarter. Voya Investment Management LLC’s holdings in Kosmos Energy were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of KOS. Vident Advisory LLC bought a new stake in Kosmos Energy during the 1st quarter valued at $30,000. Inscription Capital LLC purchased a new position in Kosmos Energy in the first quarter worth $46,000. Sapient Capital LLC grew its position in 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 worth $55,000 after acquiring an additional 13,441 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Kosmos Energy in the first quarter worth $63,000. Finally, Signaturefd LLC raised its stake in shares of Kosmos Energy by 200.6% during the first quarter. Signaturefd LLC now owns 27,581 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 18,405 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS opened at $1.79 on Monday. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $4.69. The company has a 50-day moving average of $1.84 and a 200 day moving average of $1.88. The firm has a market capitalization of $856.07 million, a price-to-earnings ratio of -5.42 and a beta of 1.57. 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 announced its quarterly earnings data on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The company had revenue of $393.52 million for the quarter, compared to the consensus estimate of $444.26 million. On average, research analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on KOS. Mizuho decreased their price target on shares of Kosmos Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Benchmark reiterated a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $2.00 price objective (down from $3.00) on shares of Kosmos Energy in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Kosmos Energy has an average rating of “Hold” and an average price target of $4.12.

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.