Northern Trust Corp boosted its position in shares of Kosmos Energy Ltd (NYSE:KOS) by 18.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,025 shares of the oil and gas producer’s stock after acquiring an additional 212,668 shares during the period. Northern Trust Corp owned 0.34% of Kosmos Energy worth $11,281,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in Kosmos Energy by 50.1% during the 2nd quarter. SG Americas Securities LLC now owns 315,347 shares of the oil and gas producer’s stock worth $2,608,000 after acquiring an additional 105,262 shares during the last quarter. First Trust Advisors LP acquired a new position in Kosmos Energy during the 2nd quarter worth $1,503,000. Swiss National Bank lifted its position in Kosmos Energy by 3.3% during the 2nd quarter. Swiss National Bank now owns 420,200 shares of the oil and gas producer’s stock worth $3,475,000 after acquiring an additional 13,600 shares during the last quarter. Legal & General Group Plc lifted its position in Kosmos Energy by 23.5% during the 2nd quarter. Legal & General Group Plc now owns 140,813 shares of the oil and gas producer’s stock worth $1,165,000 after acquiring an additional 26,811 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Kosmos Energy by 19.8% during the 2nd quarter. Jennison Associates LLC now owns 1,001,055 shares of the oil and gas producer’s stock worth $8,279,000 after acquiring an additional 165,488 shares during the last quarter. 93.97% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Benjamin Krieger sold 5,684,429 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $50,818,795.26. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.
Shares of KOS opened at $6.04 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 2.24. Kosmos Energy Ltd has a 52 week low of $5.15 and a 52 week high of $9.75.
Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, November 5th. The oil and gas producer reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09). The company had revenue of $250.20 million for the quarter, compared to analyst estimates of $239.20 million. Kosmos Energy had a negative net margin of 51.49% and a negative return on equity of 21.93%. The firm’s quarterly revenue was up 65.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) EPS. As a group, sell-side analysts expect that Kosmos Energy Ltd will post -0.39 EPS for the current fiscal year.
A number of research firms have weighed in on KOS. Berenberg Bank began coverage on shares of Kosmos Energy in a research report on Thursday, November 1st. They set a “buy” rating and a $12.00 target price for the company. ValuEngine raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Goldman Sachs Group raised shares of Kosmos Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $11.00 to $9.00 in a research report on Tuesday. Societe Generale set a $10.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Kosmos Energy presently has an average rating of “Buy” and a consensus price target of $10.02.
Kosmos Energy Profile
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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