New York State Common Retirement Fund Has $588,000 Position in Kosmos Energy Ltd. (NYSE:KOS)

New York State Common Retirement Fund increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,852 shares of the oil and gas producer’s stock after acquiring an additional 6,300 shares during the period. New York State Common Retirement Fund’s holdings in Kosmos Energy were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Avidian Wealth Enterprises LLC lifted its holdings in Kosmos Energy by 42.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 4,921 shares during the last quarter. M&G PLC lifted its holdings in Kosmos Energy by 20.0% during the 3rd quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after purchasing an additional 983,623 shares during the last quarter. Woodmont Investment Counsel LLC lifted its holdings in 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 valued at $1,976,000 after purchasing an additional 283,624 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in Kosmos Energy by 64.1% during the 3rd quarter. Sheets Smith Wealth Management now owns 64,735 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 25,290 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Kosmos Energy by 23.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 403,166 shares of the oil and gas producer’s stock valued at $1,625,000 after purchasing an additional 75,834 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Ronald W. Glass sold 10,354 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $32,304.48. Following the completion of the transaction, the chief accounting officer now owns 299,498 shares in the company, valued at $934,433.76. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher James Ball sold 84,898 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $264,881.76. Following the completion of the transaction, the senior vice president now owns 1,639,925 shares of the company’s stock, valued at approximately $5,116,566. This trade represents a 4.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock worth $1,572,386 over the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Kosmos Energy Price Performance

Shares of KOS opened at $2.36 on Wednesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company’s 50-day moving average is $3.31 and its 200-day moving average is $3.78. Kosmos Energy Ltd. has a fifty-two week low of $2.26 and a fifty-two week high of $6.58. The firm has a market capitalization of $1.13 billion, a PE ratio of 5.35, a PEG ratio of 5.24 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Equities analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

KOS has been the subject of a number of research analyst reports. Mizuho dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein dropped their target price on shares of 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. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kosmos Energy has a consensus rating of “Hold” and an average target price of $5.52.

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.