Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah Sells 56,987 Shares

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah sold 56,987 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the transaction, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kosmos Energy Trading Down 3.1 %

Shares of KOS opened at $3.01 on Friday. The firm’s fifty day moving average is $3.43 and its two-hundred day moving average is $4.05. The stock has a market cap of $1.42 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a 52-week low of $2.62 and a 52-week high of $6.58.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KOS shares. Benchmark cut their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Sanford C. Bernstein cut their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Mizuho cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.52.

Institutional Trading of Kosmos Energy

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in Kosmos Energy by 26.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 341,300 shares of the oil and gas producer’s stock worth $1,891,000 after purchasing an additional 71,632 shares in the last quarter. Marshall Wace LLP grew its position in shares of Kosmos Energy by 97.9% in the second quarter. Marshall Wace LLP now owns 250,735 shares of the oil and gas producer’s stock valued at $1,389,000 after purchasing an additional 124,058 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Kosmos Energy by 80.2% in the second quarter. AQR Capital Management LLC now owns 305,604 shares of the oil and gas producer’s stock valued at $1,693,000 after purchasing an additional 136,029 shares during the last quarter. Millennium Management LLC lifted its position in Kosmos Energy by 34.9% during the second quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after buying an additional 606,195 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Kosmos Energy by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 257,887 shares of the oil and gas producer’s stock worth $1,429,000 after buying an additional 8,197 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.