Van ECK Associates Corp Trims Position in Kosmos Energy Ltd. (NYSE:KOS)

Van ECK Associates Corp trimmed its position in Kosmos Energy Ltd. (NYSE:KOS) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,738,995 shares of the oil and gas producer’s stock after selling 114,386 shares during the quarter. Van ECK Associates Corp’s holdings in Kosmos Energy were worth $15,174,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Kosmos Energy during the second quarter valued at $26,000. CWM LLC boosted its position in shares of Kosmos Energy by 82.2% during the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 2,969 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Kosmos Energy by 7,051.9% during the fourth quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 5,712 shares in the last quarter. Covestor Ltd grew its holdings in shares of Kosmos Energy by 35,360.9% during the first quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Kosmos Energy in the first quarter worth approximately $60,000. 95.33% of the stock is currently owned by institutional investors.

Kosmos Energy Trading Down 3.2 %

Shares of KOS opened at $4.87 on Monday. Kosmos Energy Ltd. has a fifty-two week low of $4.43 and a fifty-two week high of $8.28. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.66 and a beta of 2.41. The firm has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.64. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.50 and a current ratio of 0.73.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Kosmos Energy had a return on equity of 40.16% and a net margin of 13.56%. The business had revenue of $450.94 million during the quarter. As a group, equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

KOS has been the subject of several research analyst reports. Sanford C. Bernstein dropped their target price on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.56.

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.