Employees Retirement System of Texas acquired a new stake in Kosmos Energy Ltd (NYSE:KOS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 817,000 shares of the oil and gas producer’s stock, valued at approximately $5,147,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in Kosmos Energy by 19.1% during the first quarter. New York State Common Retirement Fund now owns 745,900 shares of the oil and gas producer’s stock worth $4,699,000 after acquiring an additional 119,600 shares during the last quarter. Natixis Advisors L.P. raised its position in Kosmos Energy by 39.4% during the first quarter. Natixis Advisors L.P. now owns 2,550,264 shares of the oil and gas producer’s stock worth $16,067,000 after acquiring an additional 720,539 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Kosmos Energy by 22.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 10,923,750 shares of the oil and gas producer’s stock worth $68,819,000 after acquiring an additional 1,985,000 shares during the last quarter. BlackRock Inc. raised its position in Kosmos Energy by 11.7% during the first quarter. BlackRock Inc. now owns 17,962,978 shares of the oil and gas producer’s stock worth $113,166,000 after acquiring an additional 1,884,072 shares during the last quarter. Finally, Northern Trust Corp raised its position in Kosmos Energy by 1.9% during the first quarter. Northern Trust Corp now owns 1,151,357 shares of the oil and gas producer’s stock worth $7,253,000 after acquiring an additional 21,393 shares during the last quarter. Hedge funds and other institutional investors own 99.12% of the company’s stock.

A number of brokerages have issued reports on KOS. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research report on Wednesday, May 16th. ValuEngine cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Barclays upgraded shares of Kosmos Energy from an “equal weight” rating to an “overweight” rating and set a $9.00 target price for the company in a research report on Thursday, May 17th. Zacks Investment Research upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, May 16th. Finally, Jefferies Group cut shares of Kosmos Energy from a “buy” rating to a “hold” rating and set a $7.00 target price for the company. in a research report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.33.

Shares of Kosmos Energy opened at $7.77 on Friday, according to MarketBeat. The stock has a market cap of $2.94 billion, a PE ratio of -23.55 and a beta of 1.52. Kosmos Energy Ltd has a 12 month low of $5.15 and a 12 month high of $8.62. The company has a quick ratio of 1.03, a current ratio of 1.25 and a debt-to-equity ratio of 1.50.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, May 7th. The oil and gas producer reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.07. The business had revenue of $127.18 million during the quarter, compared to the consensus estimate of $125.50 million. Kosmos Energy had a negative net margin of 39.90% and a negative return on equity of 11.16%. The company’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share.

Kosmos Energy Company Profile

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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