SG Americas Securities LLC Buys 601,368 Shares of Kosmos Energy Ltd. $KOS

SG Americas Securities LLC raised its stake in Kosmos Energy Ltd. (NYSE:KOS) by 494.9% during the first quarter, Holdings Channel reports. The fund owned 722,891 shares of the oil and gas producer’s stock after buying an additional 601,368 shares during the period. SG Americas Securities LLC’s holdings in Kosmos Energy were worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. First Eagle Investment Management LLC increased its position in Kosmos Energy by 34.1% in the third quarter. First Eagle Investment Management LLC now owns 2,747,831 shares of the oil and gas producer’s stock worth $4,561,000 after buying an additional 698,740 shares during the last quarter. Dalton Investments Inc. purchased a new stake in Kosmos Energy in the 4th quarter worth about $454,000. Equinox Partners Investment Management LLC raised its stake in Kosmos Energy by 9.5% in the 4th quarter. Equinox Partners Investment Management LLC now owns 19,469,980 shares of the oil and gas producer’s stock valued at $17,667,000 after acquiring an additional 1,689,500 shares during the period. Alpine Global Management LLC purchased a new stake in Kosmos Energy during the fourth quarter valued at about $188,000. Finally, Rafferty Asset Management LLC lifted its holdings in Kosmos Energy by 40.5% during the third quarter. Rafferty Asset Management LLC now owns 738,806 shares of the oil and gas producer’s stock valued at $1,226,000 after purchasing an additional 212,970 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Down 4.7%

KOS stock opened at $2.01 on Thursday. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $3.34. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -1.20, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. The company’s 50 day moving average is $2.77 and its 200 day moving average is $2.17.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The company had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Sell-side analysts predict that Kosmos Energy Ltd. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KOS has been the topic of several research reports. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Johnson Rice upgraded Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group cut Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada cut Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $2.44.

Insider Activity at Kosmos Energy

In related news, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction 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 in the company, valued at $411,471.06. This trade represents a 22.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Douglas Kelso Grant sold 43,466 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the sale, the director directly owned 82,311 shares of the company’s stock, valued at approximately $224,709.03. This trade represents a 34.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 125,568 shares of company stock valued at $342,801. Insiders own 1.90% of the company’s stock.

Kosmos Energy 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.