Axa S.A. Increases Stake in Kosmos Energy Ltd. (NYSE:KOS)

Axa S.A. boosted its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 1,714.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 313,826 shares of the oil and gas producer’s stock after purchasing an additional 296,529 shares during the period. Axa S.A. owned approximately 0.07% of Kosmos Energy worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Perbak Capital Partners LLP acquired a new position in shares of Kosmos Energy in the 4th quarter valued at $68,000. Northern Trust Corp increased its holdings in shares of Kosmos Energy by 4.7% in the fourth quarter. Northern Trust Corp now owns 4,546,557 shares of the oil and gas producer’s stock valued at $15,549,000 after purchasing an additional 203,637 shares during the period. Oxford Asset Management LLP lifted its holdings in shares of Kosmos Energy by 298.3% during the fourth quarter. Oxford Asset Management LLP now owns 46,881 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 35,110 shares during the period. Boothbay Fund Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $45,000. Finally, Nebula Research & Development LLC acquired a new position in Kosmos Energy in the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.80 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 12-month low of $1.39 and a 12-month high of $6.33. The business’s 50 day moving average is $1.92 and its two-hundred day moving average is $2.94. The company has a market capitalization of $858.03 million, a P/E ratio of 4.08, a P/E/G ratio of 5.24 and a beta of 1.46.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The company had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Analysts expect that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KOS. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. The Goldman Sachs Group reduced their price objective on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kosmos Energy has a consensus rating of “Hold” and a consensus target price of $5.18.

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.