Mackenzie Financial Corp Reduces Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Mackenzie Financial Corp lessened its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 73.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,373 shares of the oil and gas producer’s stock after selling 787,151 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of Kosmos Energy worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KOS. FMR LLC increased its position in Kosmos Energy by 7.4% during the 3rd quarter. FMR LLC now owns 61,424,813 shares of the oil and gas producer’s stock worth $502,455,000 after purchasing an additional 4,208,188 shares in the last quarter. Jennison Associates LLC purchased a new stake in Kosmos Energy during the 3rd quarter worth about $25,820,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in Kosmos Energy by 13.7% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 22,338,054 shares of the oil and gas producer’s stock worth $182,725,000 after purchasing an additional 2,690,342 shares in the last quarter. William Blair Investment Management LLC increased its position in Kosmos Energy by 25.2% during the 3rd quarter. William Blair Investment Management LLC now owns 12,699,004 shares of the oil and gas producer’s stock worth $103,878,000 after purchasing an additional 2,559,942 shares in the last quarter. Finally, PointState Capital LP purchased a new stake in Kosmos Energy during the 3rd quarter worth about $16,123,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on KOS shares. TheStreet cut Kosmos Energy from a “b” rating to a “c+” rating in a report on Monday, February 26th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kosmos Energy has a consensus rating of “Moderate Buy” and a consensus target price of $9.63.

Kosmos Energy Stock Performance

NYSE KOS opened at $5.83 on Wednesday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.74 and a beta of 2.37. Kosmos Energy Ltd. has a 1-year low of $5.23 and a 1-year high of $8.28. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.76 and a quick ratio of 0.49. The business’s 50-day simple moving average is $5.89 and its 200-day simple moving average is $6.43.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $507.81 million for the quarter. Kosmos Energy had a return on equity of 39.94% and a net margin of 12.55%. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts predict that Kosmos Energy Ltd. will post 0.75 EPS for the current year.

Insider Activity

In other news, SVP Jason Doughty sold 66,616 shares of Kosmos Energy stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $401,694.48. Following the transaction, the senior vice president now directly owns 1,458,018 shares of the company’s stock, valued at approximately $8,791,848.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Ronald W. Glass sold 17,525 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $105,675.75. Following the transaction, the chief accounting officer now directly owns 290,855 shares of the company’s stock, valued at approximately $1,753,855.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Doughty sold 66,616 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $401,694.48. Following the transaction, the senior vice president now directly owns 1,458,018 shares in the company, valued at $8,791,848.54. The disclosure for this sale can be found here. Insiders have sold 335,337 shares of company stock valued at $2,022,082 in the last three months. Corporate insiders own 1.79% of the company’s stock.

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.