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

PNC Financial Services Group Inc. lowered its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 25.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 43,080 shares of the oil and gas producer’s stock after selling 14,486 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kosmos Energy were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KOS. Creekmur Asset Management LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at $107,000. Goldman Sachs Group Inc. lifted its holdings in shares of Kosmos Energy by 31.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,201,036 shares of the oil and gas producer’s stock valued at $21,479,000 after purchasing an additional 769,037 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Kosmos Energy in the 4th quarter valued at about $79,000. Patient Capital Management LLC boosted its position in shares of Kosmos Energy by 19.7% in the 4th quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer’s stock valued at $42,699,000 after purchasing an additional 1,046,091 shares during the period. Finally, GeoSphere Capital Management LLC grew its stake in Kosmos Energy by 10.7% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,034,610 shares of the oil and gas producer’s stock worth $6,942,000 after buying an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS opened at $5.54 on Monday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.44 and a beta of 2.39. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.64 and a current ratio of 0.91. Kosmos Energy Ltd. has a 1 year low of $5.07 and a 1 year high of $8.28. The company’s fifty day moving average is $5.76 and its two-hundred day moving average is $6.00.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $419.14 million for the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. On average, sell-side analysts predict that Kosmos Energy Ltd. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KOS shares. Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, June 25th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Kosmos Energy Company 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.