Kosmos Energy Ltd. (NYSE:KOS) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,131,142 shares of the oil and gas producer’s stock after purchasing an additional 86,692 shares during the quarter. Bank of New York Mellon Corp’s holdings in Kosmos Energy were worth $7,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its stake in Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after buying an additional 6,300 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Kosmos Energy by 33.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock valued at $1,836,000 after purchasing an additional 133,704 shares during the last quarter. Sapient Capital LLC bought a new position in shares of Kosmos Energy during the fourth quarter valued at approximately $37,000. Graham Capital Wealth Management LLC grew its holdings in shares of Kosmos Energy by 23.2% during the fourth quarter. Graham Capital Wealth Management LLC now owns 746,698 shares of the oil and gas producer’s stock valued at $2,554,000 after purchasing an additional 140,594 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Kosmos Energy by 54.7% during the fourth quarter. KBC Group NV now owns 21,037 shares of the oil and gas producer’s stock valued at $72,000 after purchasing an additional 7,442 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on KOS shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark lowered Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Mizuho lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $5.52.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $2.23 on Friday. Kosmos Energy Ltd. has a 12-month low of $2.07 and a 12-month high of $6.58. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31. The business has a 50 day simple moving average of $3.10 and a 200 day simple moving average of $3.63. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The business had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Insider Buying and Selling

In other Kosmos Energy news, SVP Christopher James Ball sold 84,898 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $264,881.76. Following the completion of the sale, the senior vice president now directly owns 1,639,925 shares in the company, valued at $5,116,566. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now owns 320,231 shares of the company’s stock, valued at $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 503,970 shares of company stock valued at $1,572,386 in the last three months. 2.02% of the stock is currently owned by corporate insiders.

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.