KLP Kapitalforvaltning AS Invests $361,000 in Kosmos Energy Ltd. (NYSE:KOS)

KLP Kapitalforvaltning AS acquired a new stake in Kosmos Energy Ltd. (NYSE:KOS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 105,700 shares of the oil and gas producer’s stock, valued at approximately $361,000.

Several other large investors also recently modified their holdings of KOS. PNC Financial Services Group Inc. boosted its position in Kosmos Energy by 10.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock valued at $155,000 after acquiring an additional 4,381 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Kosmos Energy by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after purchasing an additional 4,640 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Kosmos Energy by 3.8% in the 4th quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after purchasing an additional 6,300 shares during the period. Xponance Inc. boosted its position in shares of Kosmos Energy by 21.1% during the 4th quarter. Xponance Inc. now owns 37,047 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy during the third quarter worth approximately $28,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.50 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The firm has a fifty day simple moving average of $2.66 and a two-hundred day simple moving average of $3.40. Kosmos Energy Ltd. has a 12 month low of $1.39 and a 12 month high of $6.58. The firm has a market capitalization of $714.47 million, a PE ratio of 3.40, a price-to-earnings-growth ratio of 5.24 and a beta of 1.94.

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

Insider Activity

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the 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 approximately $536,817.84. This trade represents a 8.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew G. Inglis sold 138,689 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the transaction, the chief executive officer now owns 3,959,000 shares in the company, valued at $12,352,080. The trade was a 3.38 % 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 90 days. 2.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 27th. Mizuho reduced their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.27.

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.