Creative Planning Boosts Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Creative Planning lifted its stake in Kosmos Energy Ltd. (NYSE:KOS) by 1,274.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 217,556 shares of the oil and gas producer’s stock after purchasing an additional 201,725 shares during the quarter. Creative Planning’s holdings in Kosmos Energy were worth $877,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Kosmos Energy by 28.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,331,131 shares of the oil and gas producer’s stock worth $19,853,000 after buying an additional 729,148 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Kosmos Energy by 2.0% during 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 acquiring an additional 258,460 shares during the last quarter. Millennium Management LLC boosted its position in shares of Kosmos Energy by 34.9% during the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock valued at $12,976,000 after acquiring an additional 606,195 shares during the last quarter. M&G Plc acquired a new position in shares of Kosmos Energy during the 1st quarter valued at about $20,800,000. Finally, Jennison Associates LLC boosted its position in shares of Kosmos Energy by 9.4% during the 1st quarter. Jennison Associates LLC now owns 6,278,753 shares of the oil and gas producer’s stock valued at $37,421,000 after acquiring an additional 542,085 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Down 2.5 %

Shares of NYSE:KOS opened at $3.67 on Friday. 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 firm has a market capitalization of $1.73 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.47 and a beta of 2.41. The firm’s 50-day moving average is $4.26 and its two-hundred day moving average is $5.12. Kosmos Energy Ltd. has a 1 year low of $3.65 and a 1 year high of $7.68.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The business 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%. Analysts predict that Kosmos Energy Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a research report on Wednesday, October 16th. Sanford C. Bernstein decreased their target price on shares of 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. Finally, Mizuho initiated coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

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.