River & Mercantile Asset Management LLP Makes New $3.86 Million Investment in Kosmos Energy Ltd (NYSE:KOS)

River & Mercantile Asset Management LLP bought a new position in Kosmos Energy Ltd (NYSE:KOS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 615,920 shares of the oil and gas producer’s stock, valued at approximately $3,862,000.

Other institutional investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY bought a new stake in Kosmos Energy in the first quarter worth $54,000. Paloma Partners Management Co bought a new position in shares of Kosmos Energy during the second quarter valued at $92,000. Allianz Asset Management GmbH lifted its holdings in shares of Kosmos Energy by 43.1% during the second quarter. Allianz Asset Management GmbH now owns 16,482 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 4,962 shares in the last quarter. Ellington Management Group LLC bought a new position in shares of Kosmos Energy during the second quarter valued at $104,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Kosmos Energy during the first quarter valued at $130,000. 95.93% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on KOS shares. Berenberg Bank reaffirmed a “buy” rating on shares of Kosmos Energy in a report on Wednesday, August 7th. Zacks Investment Research raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $8.74.

Shares of NYSE:KOS traded down $0.26 during midday trading on Tuesday, reaching $5.98. 263,367 shares of the company’s stock traded hands, compared to its average volume of 4,326,344. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -12.70 and a beta of 1.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.88 and a current ratio of 1.13. Kosmos Energy Ltd has a one year low of $3.53 and a one year high of $9.75. The stock has a 50 day moving average of $6.32 and a 200 day moving average of $6.23.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $395.93 million for the quarter, compared to the consensus estimate of $391.29 million. Kosmos Energy had a net margin of 1.87% and a negative return on equity of 14.53%. The company’s revenue for the quarter was up 83.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. Sell-side analysts predict that Kosmos Energy Ltd will post 0.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Wednesday, September 4th. Kosmos Energy’s dividend payout ratio (DPR) is presently -38.30%.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

See Also: Blockchain

Want to see what other hedge funds are holding KOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kosmos Energy Ltd (NYSE:KOS).

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.