Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Boston Partners

Boston Partners lowered its stake in Kosmos Energy Ltd. (NYSE:KOS) by 86.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 661,121 shares of the oil and gas producer’s stock after selling 4,362,832 shares during the quarter. Boston Partners’ holdings in Kosmos Energy were worth $2,261,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Kosmos Energy by 10.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 4,381 shares during the period. Franklin Resources Inc. raised its position in Kosmos Energy by 3.9% in the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 4,640 shares during the period. New York State Common Retirement Fund lifted its stake in Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after purchasing an additional 6,300 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kosmos Energy during the third quarter worth $28,000. Finally, KBC Group NV grew its stake in shares of Kosmos Energy by 54.7% in the fourth quarter. KBC Group NV now owns 21,037 shares of the oil and gas producer’s stock valued at $72,000 after buying an additional 7,442 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew G. Inglis sold 138,689 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the completion of the sale, the chief executive officer now owns 3,959,000 shares in the company, valued at $12,352,080. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 503,970 shares of company stock worth $1,572,386. Corporate insiders own 2.02% of the company’s stock.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $2.27 on Friday. The business has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $3.54. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a one year low of $2.07 and a one year high of $6.58. The company has a market cap of $1.08 billion, a PE ratio of 5.15, a P/E/G ratio of 5.24 and a beta of 2.31.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The firm had revenue of $397.66 million for the quarter, compared to analyst estimates of $387.60 million. On average, equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Mizuho reduced their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.52.

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.