Franklin Resources Inc. Boosts Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Franklin Resources Inc. raised its stake in Kosmos Energy Ltd. (NYSE:KOS) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,408 shares of the oil and gas producer’s stock after acquiring an additional 4,640 shares during the period. Franklin Resources Inc.’s holdings in Kosmos Energy were worth $531,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KOS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kosmos Energy by 11.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock worth $6,860,000 after purchasing an additional 172,966 shares during the last quarter. Graham Capital Wealth Management LLC bought a new stake in Kosmos Energy in the 3rd quarter worth approximately $2,443,000. Woodmont Investment Counsel LLC raised its holdings in shares of Kosmos Energy by 137.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 490,427 shares of the oil and gas producer’s stock worth $1,976,000 after acquiring an additional 283,624 shares in the last quarter. Barclays PLC boosted its position in shares of Kosmos Energy by 46.5% during the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after acquiring an additional 962,057 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Kosmos Energy by 34.9% in the second quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock valued at $12,976,000 after purchasing an additional 606,195 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Up 3.1 %

Shares of NYSE KOS opened at $3.36 on Tuesday. The business’s 50 day moving average price is $3.66 and its 200-day moving average price is $4.44. Kosmos Energy Ltd. has a fifty-two week low of $2.62 and a fifty-two week high of $6.93. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.39 and a beta of 2.41.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KOS shares. Mizuho decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bank of America lowered their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. Sanford C. Bernstein lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com raised Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target 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.