Kosmos Energy Ltd. $KOS Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 76.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,515,992 shares of the oil and gas producer’s stock after acquiring an additional 658,414 shares during the period. Sei Investments Co.’s holdings in Kosmos Energy were worth $4,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in Kosmos Energy by 175.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,766,857 shares of the oil and gas producer’s stock worth $6,140,000 after purchasing an additional 4,308,275 shares during the period. First Trust Advisors LP raised its position in Kosmos Energy by 66.9% in the fourth quarter. First Trust Advisors LP now owns 7,048,196 shares of the oil and gas producer’s stock valued at $6,396,000 after purchasing an additional 2,825,517 shares during the period. Squarepoint Ops LLC raised its position in Kosmos Energy by 333.0% in the second quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock valued at $5,540,000 after purchasing an additional 2,477,102 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kosmos Energy by 19.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,045,593 shares of the oil and gas producer’s stock worth $10,930,000 after purchasing an additional 1,962,936 shares in the last quarter. Finally, Equinox Partners Investment Management LLC lifted its stake in shares of Kosmos Energy by 9.5% during the fourth quarter. Equinox Partners Investment Management LLC now owns 19,469,980 shares of the oil and gas producer’s stock worth $17,667,000 after purchasing an additional 1,689,500 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KOS. The Goldman Sachs Group lowered Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 target price for the company. in a research note on Thursday, April 9th. Wall Street Zen raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Stephens lowered their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $2.53.

Kosmos Energy Stock Performance

NYSE:KOS opened at $2.35 on Thursday. The firm has a 50-day moving average of $2.47 and a two-hundred day moving average of $2.41. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.59 and a quick ratio of 0.36. The stock has a market cap of $1.40 billion, a P/E ratio of -1.97, a PEG ratio of 0.18 and a beta of 0.72. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $3.34.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The business had revenue of $607.25 million for the quarter, compared to analyst estimates of $483.23 million. On average, research analysts expect that Kosmos Energy Ltd. will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In other Kosmos Energy news, SVP Josh R. Marion sold 24,969 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president directly owned 233,404 shares of the company’s stock, valued at $478,478.20. This represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 150,722 shares of the company’s stock, valued at approximately $411,471.06. This trade represents a 22.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 294,580 shares of company stock worth $689,275 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Kosmos Energy Company Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.