American Century Companies Inc. Sells 3,035,323 Shares of Kosmos Energy Ltd. $KOS

American Century Companies Inc. cut its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 30,375,723 shares of the oil and gas producer’s stock after selling 3,035,323 shares during the period. American Century Companies Inc. owned about 0.06% of Kosmos Energy worth $50,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blueshift Asset Management LLC bought a new stake in shares of Kosmos Energy in the 2nd quarter worth $27,000. Ellevest Inc. purchased a new position in shares of Kosmos Energy in the 2nd quarter worth $34,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Kosmos Energy in the second quarter worth $42,000. Caprock Group LLC purchased a new stake in Kosmos Energy during the third quarter valued at $53,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Kosmos Energy during the third quarter valued at $50,000. Institutional investors own 95.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KOS. Stephens started coverage on Kosmos Energy in a research report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 target price on the stock. Bank of America reissued an “underperform” rating and issued a $1.00 price objective (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. The Goldman Sachs Group boosted their target price on shares of Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research report on Monday, December 29th. Finally, Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $4.50 to $3.50 in a research note on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.08.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $2.52 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -1.73 and a beta of 0.76. The company has a quick ratio of 0.29, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. The stock’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.48. Kosmos Energy Ltd. has a 52 week low of $0.84 and a 52 week high of $2.70.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, March 2nd. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). Kosmos Energy had a negative net margin of 54.18% and a negative return on equity of 39.29%. The business had revenue of $294.62 million for the quarter, compared to the consensus estimate of $323.46 million. As a group, analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 103,554 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total transaction of $141,868.98. Following the completion of the transaction, the chief executive officer owned 4,271,645 shares of the company’s stock, valued at $5,852,153.65. This represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Josh R. Marion sold 19,656 shares of Kosmos Energy stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total value of $26,928.72. Following the completion of the sale, the senior vice president directly owned 197,409 shares in the company, valued at $270,450.33. This trade represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 272,844 shares of company stock valued at $377,592. Insiders own 1.99% of the company’s stock.

About Kosmos Energy

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.