Graham Capital Wealth Management LLC Has $1.66 Million Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Graham Capital Wealth Management LLC cut its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 728,530 shares of the oil and gas producer’s stock after selling 18,168 shares during the period. Kosmos Energy accounts for 1.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Graham Capital Wealth Management LLC owned 0.15% of Kosmos Energy worth $1,661,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Disciplined Investors L.L.C. acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $36,000. Boothbay Fund Management LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $45,000. Inscription Capital LLC acquired a new position in shares of Kosmos Energy during the 1st quarter worth about $46,000. Sapient Capital LLC increased its stake in shares of Kosmos Energy by 125.4% during the 1st quarter. Sapient Capital LLC now owns 24,161 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 13,441 shares during the last quarter. Finally, RPO LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $59,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Performance

Shares of NYSE:KOS opened at $2.22 on Monday. The company’s 50 day moving average price is $1.95 and its two-hundred day moving average price is $2.27. Kosmos Energy Ltd. has a 12-month low of $1.38 and a 12-month high of $5.66. The firm has a market cap of $1.06 billion, a PE ratio of -73.81 and a beta of 1.44. 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 (NYSE:KOS) last announced its 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). Kosmos Energy had a negative return on equity of 0.63% and a negative net margin of 0.80%. The business had revenue of $290.43 million for the quarter, compared to analyst estimates of $338.23 million. Equities research analysts predict that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Mizuho reduced their target price on shares of Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a report on Thursday, June 5th. Finally, Wall Street Zen raised shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.93.

Insider Activity

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total transaction of $50,540.63. Following the transaction, the director owned 29,921 shares in the company, valued at $54,157.01. This represents a 48.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.02% of the stock is currently owned by insiders.

Kosmos Energy 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.