Victory Capital Management Inc. Boosts Stake in Kosmos Energy Ltd. (NYSE:KOS)

Victory Capital Management Inc. raised its position in Kosmos Energy Ltd. (NYSE:KOS) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,456 shares of the oil and gas producer’s stock after purchasing an additional 9,221 shares during the quarter. Victory Capital Management Inc.’s holdings in Kosmos Energy were worth $601,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of Kosmos Energy during the second quarter valued at approximately $26,000. TFO Wealth Partners LLC raised 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 during the last quarter. CWM LLC grew its position in Kosmos Energy by 82.2% during the second quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 2,969 shares during the period. Covestor Ltd grew its position in 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 valued at $48,000 after buying an additional 8,133 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in Kosmos Energy during the first quarter valued at $60,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho began coverage on shares of Kosmos Energy in a research report on Thursday. They issued a “neutral” rating and a $5.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $8.00 target price on shares of Kosmos Energy in a research note on Tuesday, August 6th. Finally, Sanford C. Bernstein reduced their price target on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.97.

Kosmos Energy Trading Down 2.1 %

NYSE KOS opened at $4.26 on Monday. The firm has a 50 day moving average of $4.85 and a two-hundred day moving average of $5.46. Kosmos Energy Ltd. has a 52 week low of $3.75 and a 52 week high of $8.28. 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 capitalization of $2.01 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.53 and a beta of 2.42.

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

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.