Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC trimmed its position in Kosmos Energy Ltd. (NYSE:KOS) by 83.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 44,667 shares of the oil and gas producer’s stock after selling 228,716 shares during the period. Woodmont Investment Counsel LLC’s holdings in Kosmos Energy were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Kosmos Energy by 22.1% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after acquiring an additional 5,906,210 shares during the period. American Century Companies Inc. boosted its holdings in Kosmos Energy by 11.3% in the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after purchasing an additional 2,997,438 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Kosmos Energy by 28.1% in the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares during the last quarter. Patient Capital Management LLC boosted its holdings in Kosmos Energy by 81.6% in the fourth quarter. Patient Capital Management LLC now owns 17,147,729 shares of the oil and gas producer’s stock valued at $58,645,000 after purchasing an additional 7,707,707 shares during the last quarter. Finally, Equinox Partners Investment Management LLC boosted its holdings in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the last quarter. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KOS shares. The Goldman Sachs Group lowered their price target on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Finally, Mizuho lowered their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. 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. Based on data from MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and a consensus target price of $4.93.

Insider Activity at Kosmos Energy

In related news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now directly owns 29,921 shares of the company’s stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.99% of the stock is currently owned by corporate insiders.

Kosmos Energy Trading Down 0.7%

KOS stock opened at $2.16 on Friday. The company’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $2.52. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.59. Kosmos Energy Ltd. has a 52-week low of $1.39 and a 52-week high of $5.97. The firm has a market cap of $1.03 billion, a P/E ratio of -71.81 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The firm had revenue of $290.43 million for the quarter, compared to analysts’ expectations of $338.23 million. As a group, equities analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Kosmos Energy Company Profile

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.