Charles Schwab Investment Management Inc. Purchases 847,635 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Charles Schwab Investment Management Inc. grew its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,969,329 shares of the oil and gas producer’s stock after purchasing an additional 847,635 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.48% of Kosmos Energy worth $23,835,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC increased its stake in shares of Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Kosmos Energy by 149.7% in the 3rd quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock valued at $13,220,000 after acquiring an additional 1,966,437 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Kosmos Energy by 8.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock valued at $85,202,000 after acquiring an additional 1,588,990 shares in the last quarter. Barclays PLC increased its stake in shares of Kosmos Energy by 46.5% in 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 in the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Kosmos Energy in the 3rd quarter valued at $3,546,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.28 on Wednesday. Kosmos Energy Ltd. has a twelve month low of $2.07 and a twelve month high of $6.58. The stock’s 50 day moving average price is $3.03 and its 200-day moving average price is $3.58. The company has a market capitalization of $1.09 billion, a PE ratio of 5.17, a PEG ratio of 5.24 and a beta of 2.31. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share 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 during the quarter, compared to analysts’ expectations of $387.60 million. On average, equities analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Transactions at Kosmos Energy

In related news, SVP Josh R. Marion sold 16,144 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,369.28. Following the sale, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. The trade was a 8.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares in the company, valued at $12,352,080. This trade represents 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 in the last 90 days. Insiders own 2.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KOS shares. Mizuho lowered their price objective 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. Jefferies Financial Group restated a “buy” rating and set a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.