Sequoia Financial Advisors LLC Raises Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Sequoia Financial Advisors LLC grew its stake in Kosmos Energy Ltd. (NYSE:KOS) by 189.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 106,131 shares of the oil and gas producer’s stock after buying an additional 69,473 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kosmos Energy were worth $712,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Kosmos Energy by 9.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer’s stock worth $171,488,000 after acquiring an additional 1,845,273 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Kosmos Energy by 31.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock worth $31,084,000 after purchasing an additional 900,000 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Kosmos Energy during the third quarter worth $25,820,000. PNC Financial Services Group Inc. increased its holdings in Kosmos Energy by 93.1% in the third quarter. PNC Financial Services Group Inc. now owns 57,566 shares of the oil and gas producer’s stock valued at $471,000 after buying an additional 27,759 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in Kosmos Energy in the third quarter valued at $942,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TheStreet downgraded Kosmos Energy from a “b” rating to a “c+” rating in a report on Monday, February 26th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.63.

Insider Activity

In related news, CFO Nealesh D. Shah sold 84,672 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $510,572.16. Following the transaction, the chief financial officer now owns 1,502,206 shares of the company’s stock, valued at $9,058,302.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Nealesh D. Shah sold 84,672 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $510,572.16. Following the completion of the sale, the chief financial officer now directly owns 1,502,206 shares of the company’s stock, valued at $9,058,302.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Doughty sold 66,616 shares of Kosmos Energy stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $6.03, for a total transaction of $401,694.48. Following the completion of the transaction, the senior vice president now owns 1,458,018 shares in the company, valued at $8,791,848.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 335,337 shares of company stock valued at $2,022,082. Insiders own 1.79% of the company’s stock.

Kosmos Energy Trading Down 2.4 %

KOS opened at $6.05 on Tuesday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.77 and a beta of 2.37. Kosmos Energy Ltd. has a 52 week low of $5.23 and a 52 week high of $8.28. The business’s 50 day moving average is $5.85 and its two-hundred day moving average is $6.49. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 2.32.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The business had revenue of $507.81 million for the quarter. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, research analysts predict that Kosmos Energy Ltd. will post 0.75 EPS for the current year.

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.