Jennison Associates LLC Lowers Position in Kosmos Energy Ltd. (KOS)
Jennison Associates LLC reduced its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,342,075 shares of the oil and gas producer’s stock after selling 107,926 shares during the period. Jennison Associates LLC owned 0.35% of Kosmos Energy worth $8,603,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Comerica Bank raised its position in Kosmos Energy by 19.3% in the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 3,626 shares during the last quarter. Bank of New York Mellon Corp raised its position in Kosmos Energy by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 900,731 shares of the oil and gas producer’s stock valued at $5,773,000 after buying an additional 93,177 shares during the last quarter. SG Americas Securities LLC raised its position in Kosmos Energy by 1.8% in the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock valued at $1,029,000 after buying an additional 2,826 shares during the last quarter. State of Wisconsin Investment Board raised its position in Kosmos Energy by 21.5% in the second quarter. State of Wisconsin Investment Board now owns 37,962 shares of the oil and gas producer’s stock valued at $243,000 after buying an additional 6,710 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Kosmos Energy by 13.1% in the second quarter. Rhumbline Advisers now owns 163,398 shares of the oil and gas producer’s stock valued at $1,047,000 after buying an additional 18,920 shares during the last quarter.
Shares of Kosmos Energy Ltd. (KOS) opened at 6.92 on Monday. The stock’s 50 day moving average is $6.58 and its 200-day moving average is $6.32. The stock’s market cap is $2.69 billion. Kosmos Energy Ltd. has a 1-year low of $4.39 and a 1-year high of $7.90.
Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $146.50 million during 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 revenue was up 220.6% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. On average, analysts anticipate that Kosmos Energy Ltd. will post ($0.26) EPS for the current year.
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Several research firms recently commented on KOS. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Macquarie began coverage on shares of Kosmos Energy in a report on Monday, August 7th. They issued an “outperform” rating and a $10.00 price target on the stock. BMO Capital Markets restated a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Friday, August 4th. Jefferies Group LLC set a $8.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a report on Saturday, July 22nd. Finally, Citigroup Inc. cut their price target on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.71.
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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