By otakuyassine3@gmail.com 
Jennison Associates LLC decreased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 33.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,576,188 shares of the oil and gas producer’s stock after selling 2,292,501 shares during the quarter. Jennison Associates LLC’s holdings in Kosmos Energy were worth $15,651,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its position in Kosmos Energy by 7.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after acquiring an additional 1,933,216 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Kosmos Energy by 8.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after purchasing an additional 1,588,990 shares during the last quarter. Geode Capital Management LLC grew its position in Kosmos Energy by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after buying an additional 68,339 shares during the last quarter. Equinox Partners Investment Management LLC increased its stake in Kosmos Energy by 29.4% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after buying an additional 1,863,966 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Kosmos Energy by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,121,694 shares of the oil and gas producer’s stock valued at $24,670,000 after buying an additional 430,053 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on KOS. Mizuho cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Benchmark reduced their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Sanford C. Bernstein decreased their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.52.
Check Out Our Latest Stock Analysis on Kosmos Energy
Kosmos Energy Stock Performance
NYSE KOS opened at $3.11 on Thursday. The business has a 50 day moving average price of $3.44 and a 200 day moving average price of $4.05. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company has a market capitalization of $1.47 billion, a P/E ratio of 7.06, a PEG ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58.
Insider Activity
In other Kosmos Energy news, CEO Andrew G. Inglis sold 102,701 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $320,427.12. Following the sale, the chief executive officer now owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,014 shares of company stock worth $599,084 over the last 90 days. 2.02% of the stock is currently 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.
Further Reading
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