404,293 Shares in Kosmos Energy Ltd. (NYSE:KOS) Acquired by Toronto Dominion Bank

Toronto Dominion Bank bought a new stake in Kosmos Energy Ltd. (NYSE:KOS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 404,293 shares of the oil and gas producer’s stock, valued at approximately $2,240,000. Toronto Dominion Bank owned approximately 0.09% of Kosmos Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Kosmos Energy by 4.6% in the 2nd 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 buying an additional 1,166,726 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock worth $137,470,000 after acquiring an additional 3,636,663 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Kosmos Energy by 0.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 17,574,855 shares of the oil and gas producer’s stock worth $117,927,000 after purchasing an additional 137,340 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Kosmos Energy by 13.5% during the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after purchasing an additional 1,624,495 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Kosmos Energy by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after purchasing an additional 258,460 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho initiated coverage on shares of Kosmos Energy in a report on Thursday, September 19th. They set a “neutral” rating and a $5.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Kosmos Energy in a research report on Tuesday, August 6th. Bank of America reduced their target price on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein dropped their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Three research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $7.47.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $3.96 on Monday. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.73 and a quick ratio of 0.50. The business has a 50-day moving average of $4.67 and a 200-day moving average of $5.40. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.33 and a beta of 2.42. Kosmos Energy Ltd. has a fifty-two week low of $3.69 and a fifty-two week high of $8.28.

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). The company 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, sell-side analysts predict that Kosmos Energy Ltd. will post 0.18 earnings per share for the current fiscal year.

Kosmos Energy 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.