First Eagle Investment Management LLC Increases Stock Position in Kosmos Energy Ltd. $KOS

First Eagle Investment Management LLC grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,747,831 shares of the oil and gas producer’s stock after purchasing an additional 698,740 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.57% of Kosmos Energy worth $4,561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in KOS. AQR Capital Management LLC boosted its position in shares of Kosmos Energy by 56.7% in the 1st quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after purchasing an additional 140,261 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kosmos Energy by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after buying an additional 12,045 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kosmos Energy by 21.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock valued at $5,793,000 after buying an additional 443,384 shares during the last quarter. Strs Ohio acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $120,000. Finally, CWM LLC grew its position in shares of Kosmos Energy by 128.4% during the second quarter. CWM LLC now owns 27,960 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 15,716 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insiders Place Their Bets

In other Kosmos Energy news, CFO Nealesh D. Shah sold 24,690 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $1.42, for a total value of $35,059.80. Following the completion of the sale, the chief financial officer owned 1,705,167 shares of the company’s stock, valued at approximately $2,421,337.14. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ronald W. Glass sold 19,285 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,420.45. Following the transaction, the chief accounting officer directly owned 342,945 shares in the company, valued at approximately $469,834.65. This trade represents a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 272,844 shares of company stock valued at $377,592 in the last three months. 1.99% of the stock is owned by corporate insiders.

Kosmos Energy Stock Down 0.8%

Shares of NYSE:KOS opened at $2.55 on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -1.75 and a beta of 0.76. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $2.66. The firm’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.47. The company has a quick ratio of 0.29, a current ratio of 0.75 and a debt-to-equity ratio of 5.53.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. The business had revenue of $294.62 million during the quarter, compared to analysts’ expectations of $323.46 million. As a group, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on KOS shares. Stephens began coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target for the company. Bank of America reaffirmed an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Mizuho decreased their target price on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Finally, The Goldman Sachs Group upped their price objective on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.08.

Kosmos Energy Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.