Rhumbline Advisers Has $1.69 Million Holdings in Kosmos Energy Ltd (NYSE:KOS)

Rhumbline Advisers boosted its holdings in shares of Kosmos Energy Ltd (NYSE:KOS) by 6.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 204,522 shares of the oil and gas producer’s stock after acquiring an additional 12,022 shares during the period. Rhumbline Advisers owned 0.05% of Kosmos Energy worth $1,691,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in shares of Kosmos Energy by 13.2% in the first quarter. Victory Capital Management Inc. now owns 4,050,825 shares of the oil and gas producer’s stock valued at $25,520,000 after buying an additional 471,730 shares in the last quarter. Swiss National Bank increased its position in shares of Kosmos Energy by 2.2% in the first quarter. Swiss National Bank now owns 406,600 shares of the oil and gas producer’s stock valued at $2,562,000 after buying an additional 8,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Kosmos Energy by 20.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,144,597 shares of the oil and gas producer’s stock valued at $7,211,000 after buying an additional 197,043 shares in the last quarter. Northern Trust Corp increased its position in shares of Kosmos Energy by 1.9% in the first quarter. Northern Trust Corp now owns 1,151,357 shares of the oil and gas producer’s stock valued at $7,253,000 after buying an additional 21,393 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Kosmos Energy by 11.7% in the first quarter. BlackRock Inc. now owns 17,962,978 shares of the oil and gas producer’s stock valued at $113,166,000 after buying an additional 1,884,072 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Shares of KOS traded down $0.04 during trading hours on Friday, hitting $9.21. 2,310,146 shares of the stock were exchanged, compared to its average volume of 2,529,546. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.79 and a current ratio of 0.96. Kosmos Energy Ltd has a 12-month low of $5.15 and a 12-month high of $9.75. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -27.91 and a beta of 1.61.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). Kosmos Energy had a negative return on equity of 15.21% and a negative net margin of 49.78%. The firm had revenue of $215.47 million for the quarter, compared to analysts’ expectations of $215.07 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 47.1% compared to the same quarter last year. On average, analysts predict that Kosmos Energy Ltd will post -0.05 earnings per share for the current year.

A number of analysts have recently commented on KOS shares. Barclays set a $11.00 price objective on Kosmos Energy and gave the company a “buy” rating in a research report on Wednesday, August 29th. ValuEngine cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Kosmos Energy from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Thursday, July 26th. Jefferies Financial Group upgraded Kosmos Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $5.15 to $8.62 in a research report on Monday, June 11th. Finally, Royal Bank of Canada upgraded Kosmos Energy from a “sector perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Thursday, July 5th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $9.95.

In related news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Benjamin Krieger sold 5,684,429 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total value of $50,818,795.26. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.

Kosmos Energy Profile

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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