Zurcher Kantonalbank Zurich Cantonalbank Buys 11,658 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 11.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 117,360 shares of the oil and gas producer’s stock after acquiring an additional 11,658 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kosmos Energy were worth $650,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of Kosmos Energy by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,430,043 shares of the oil and gas producer’s stock worth $13,462,000 after purchasing an additional 237,488 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Kosmos Energy by 4.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 26,312,199 shares of the oil and gas producer’s stock valued at $145,769,000 after acquiring an additional 1,166,726 shares during the last quarter. Raymond James & Associates bought a new position in shares of Kosmos Energy in the 2nd quarter valued at about $1,461,000. Equinox Partners Investment Management LLC increased its stake in shares of Kosmos Energy by 21.2% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 6,339,535 shares of the oil and gas producer’s stock worth $35,121,000 after purchasing an additional 1,108,706 shares during the last quarter. Finally, M&G Plc raised its holdings in shares of Kosmos Energy by 42.2% in the 2nd quarter. M&G Plc now owns 4,928,221 shares of the oil and gas producer’s stock valued at $29,569,000 after purchasing an additional 1,461,552 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

Kosmos Energy Stock Up 0.2 %

Kosmos Energy stock opened at $4.37 on Friday. The company’s 50-day moving average price is $5.17 and its two-hundred day moving average price is $5.60. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. The stock has a market cap of $2.06 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.66 and a beta of 2.41. Kosmos Energy Ltd. has a twelve month low of $4.31 and a twelve month high of $8.28.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KOS shares. Sanford C. Bernstein reduced their price target on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of Kosmos Energy in a research note 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.56.

About Kosmos Energy

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.