Keybank National Association OH Sells 23,314 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Keybank National Association OH reduced its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 31.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,847 shares of the oil and gas producer’s stock after selling 23,314 shares during the quarter. Keybank National Association OH’s holdings in Kosmos Energy were worth $177,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Franklin Resources Inc. boosted its stake in shares of Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after acquiring an additional 4,640 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Kosmos Energy by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after acquiring an additional 6,300 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kosmos Energy during the 3rd quarter worth approximately $28,000. KBC Group NV boosted its stake in shares of Kosmos Energy by 54.7% during the 4th quarter. KBC Group NV now owns 21,037 shares of the oil and gas producer’s stock worth $72,000 after acquiring an additional 7,442 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in Kosmos Energy by 50.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,918 shares of the oil and gas producer’s stock worth $92,000 after purchasing an additional 7,728 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Ronald W. Glass sold 10,354 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $32,304.48. Following the sale, the chief accounting officer now owns 299,498 shares in the company, valued at $934,433.76. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the completion of the sale, the senior vice president now owns 172,057 shares in the company, valued at $536,817.84. This trade represents a 8.58 % 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 in the last 90 days. Insiders own 2.02% of the company’s stock.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.24 on Wednesday. The stock has a market capitalization of $1.07 billion, a PE ratio of 5.08, a P/E/G ratio of 5.24 and a beta of 2.31. 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 business has a fifty day moving average price of $3.21 and a two-hundred day moving average price of $3.69. Kosmos Energy Ltd. has a fifty-two week low of $2.07 and a fifty-two week high of $6.58.

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

Analysts Set New Price Targets

Several analysts recently weighed in on KOS shares. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Mizuho dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and a consensus target price of $5.52.

Kosmos Energy Company 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.