Geode Capital Management LLC Increases Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Geode Capital Management LLC boosted its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,580,979 shares of the oil and gas producer’s stock after purchasing an additional 68,339 shares during the quarter. Geode Capital Management LLC owned approximately 2.24% of Kosmos Energy worth $42,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of Kosmos Energy during the 2nd quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Kosmos Energy in the third quarter valued at approximately $28,000. CTC Alternative Strategies Ltd. acquired a new position in Kosmos Energy during the third quarter worth approximately $43,000. Signaturefd LLC raised its stake in Kosmos Energy by 39,777.8% during the third quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 10,740 shares during the period. Finally, InTrack Investment Management Inc acquired a new position in shares of Kosmos Energy in the 3rd quarter valued at $44,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $3.08 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd. has a fifty-two week low of $2.62 and a fifty-two week high of $7.07. The business has a 50 day moving average price of $3.74 and a two-hundred day moving average price of $4.51. The firm has a market cap of $1.45 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.48 and a beta of 2.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KOS shares. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Benchmark cut their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Bank of America dropped their target price on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.52.

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.