Vanguard Group Inc. Boosts Stake in Kosmos Energy Ltd. (KOS)
Vanguard Group Inc. increased its stake in Kosmos Energy Ltd. (NYSE:KOS) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,323,207 shares of the oil and gas producer’s stock after buying an additional 497,769 shares during the period. Vanguard Group Inc. owned approximately 0.86% of Kosmos Energy worth $22,133,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Kosmos Energy during the first quarter valued at about $448,000. Legal & General Group Plc increased its stake in shares of Kosmos Energy by 1,928.1% in the first quarter. Legal & General Group Plc now owns 394,659 shares of the oil and gas producer’s stock valued at $2,578,000 after buying an additional 375,199 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Kosmos Energy by 16.8% in the fourth quarter. Teachers Advisors LLC now owns 182,435 shares of the oil and gas producer’s stock valued at $1,279,000 after buying an additional 26,292 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Kosmos Energy by 48.1% in the first quarter. Victory Capital Management Inc. now owns 5,359,017 shares of the oil and gas producer’s stock valued at $35,691,000 after buying an additional 1,741,355 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Kosmos Energy by 81.9% in the first quarter. Ameriprise Financial Inc. now owns 255,209 shares of the oil and gas producer’s stock valued at $1,700,000 after buying an additional 114,918 shares in the last quarter.
Shares of Kosmos Energy Ltd. (NYSE:KOS) traded up 2.44% during mid-day trading on Tuesday, reaching $6.73. 394,302 shares of the company’s stock were exchanged. Kosmos Energy Ltd. has a 52-week low of $4.39 and a 52-week high of $7.90. The company’s 50-day moving average price is $6.53 and its 200 day moving average price is $6.31. The company’s market cap is $2.62 billion.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $146.50 million for the quarter, compared to the consensus estimate of $168.71 million. Kosmos Energy had a negative return on equity of 8.60% and a negative net margin of 26.69%. The business’s quarterly revenue was up 220.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. On average, equities research analysts predict that Kosmos Energy Ltd. will post ($0.27) EPS for the current year.
Several equities research analysts have recently issued reports on KOS shares. BMO Capital Markets reissued a “buy” rating and set a $9.00 price objective on shares of Kosmos Energy in a research report on Friday, August 4th. BidaskClub downgraded shares of Kosmos Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Kosmos Energy from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Citigroup Inc. decreased their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, Macquarie began coverage on shares of Kosmos Energy in a research report on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.71.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $7.15, for a total value of $214,500,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.
About Kosmos Energy
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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