Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,491 shares of the oil and gas producer’s stock after selling 19,714 shares during the quarter. Principal Financial Group Inc.’s holdings in Kosmos Energy were worth $175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Kosmos Energy during the third quarter worth about $28,000. Signaturefd LLC grew its holdings in shares of 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 valued at $43,000 after purchasing an additional 10,740 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in shares of Kosmos Energy during the 3rd quarter worth approximately $43,000. InTrack Investment Management Inc bought a new stake in shares of Kosmos Energy in the 3rd quarter worth approximately $44,000. Finally, Naviter Wealth LLC acquired a new position in Kosmos Energy during the 3rd quarter valued at approximately $48,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kosmos Energy Stock Up 2.9 %

Shares of NYSE:KOS opened at $3.90 on Wednesday. The firm has a 50 day simple moving average of $3.61 and a 200 day simple moving average of $4.36. Kosmos Energy Ltd. has a 52 week low of $2.62 and a 52 week high of $6.79. 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 $1.84 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.39 and a beta of 2.43.

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.