Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Kosmos Energy Ltd. (NYSE:KOS) by 31.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,491 shares of the oil and gas producer’s stock after selling 19,714 shares during the period. Principal Financial Group Inc.’s holdings in Kosmos Energy were worth $175,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its position in Kosmos Energy by 4.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer’s stock valued at $145,769,000 after buying an additional 1,166,726 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after acquiring an additional 3,636,663 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Kosmos Energy by 13.5% during the second quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock worth $75,460,000 after acquiring an additional 1,624,495 shares during the period. Vanguard Group Inc. raised its holdings in Kosmos Energy by 2.0% during the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock worth $77,328,000 after purchasing an additional 258,460 shares in the last quarter. Finally, Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 29.4% during the third quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock worth $33,060,000 after purchasing an additional 1,863,966 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Down 1.7 %

Kosmos Energy stock opened at $3.95 on Tuesday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 0.52 and a beta of 2.42. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a fifty-two week low of $3.49 and a fifty-two week high of $7.07. The stock’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.88.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday. Benchmark lowered their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price objective for the company. Finally, Sanford C. Bernstein decreased their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy currently has an average rating of “Hold” and an average target price of $5.75.

Kosmos Energy Profile

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.