Kosmos Energy Ltd (KOS) Shares Bought by Swiss National Bank

Swiss National Bank increased its holdings in shares of Kosmos Energy Ltd (NYSE:KOS) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,200 shares of the oil and gas producer’s stock after acquiring an additional 13,600 shares during the period. Swiss National Bank owned about 0.11% of Kosmos Energy worth $3,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Kosmos Energy by 9.0% in the 1st quarter. Rhumbline Advisers now owns 192,500 shares of the oil and gas producer’s stock valued at $1,213,000 after acquiring an additional 15,910 shares during the period. Victory Capital Management Inc. boosted its position in shares of Kosmos Energy by 13.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,050,825 shares of the oil and gas producer’s stock valued at $25,520,000 after acquiring an additional 471,730 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Kosmos Energy by 20.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,144,597 shares of the oil and gas producer’s stock valued at $7,211,000 after acquiring an additional 197,043 shares during the last quarter. Northern Trust Corp boosted its position in shares of Kosmos Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 1,151,357 shares of the oil and gas producer’s stock valued at $7,253,000 after acquiring an additional 21,393 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Kosmos Energy by 11.7% during the 1st quarter. BlackRock Inc. now owns 17,962,978 shares of the oil and gas producer’s stock valued at $113,166,000 after acquiring an additional 1,884,072 shares during the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.

Shares of NYSE:KOS opened at $8.29 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 1.57. Kosmos Energy Ltd has a 1 year low of $5.15 and a 1 year high of $9.17.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.05). The business had revenue of $215.47 million for the quarter, compared to analysts’ expectations of $215.07 million. Kosmos Energy had a negative return on equity of 15.21% and a negative net margin of 49.78%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share. equities research analysts forecast that Kosmos Energy Ltd will post -0.05 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, May 16th. Barclays raised shares of Kosmos Energy from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a research report on Thursday, May 17th. Jefferies Financial Group raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $5.15 to $8.62 in a research report on Monday, June 11th. Finally, Royal Bank of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Thursday, July 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $9.83.

About Kosmos Energy

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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