Russell Investments Group Ltd. decreased its holdings in shares of Kosmos Energy Ltd (NYSE:KOS) by 21.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,299 shares of the oil and gas producer’s stock after selling 66,000 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Kosmos Energy worth $1,968,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Kosmos Energy by 1.8% during the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after purchasing an additional 2,826 shares during the last quarter. Comerica Bank lifted its stake in Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares during the last quarter. Voya Investment Management LLC lifted its stake in Kosmos Energy by 11.2% during the second quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock worth $342,000 after purchasing an additional 5,379 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in Kosmos Energy by 22.1% during the second quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 6,300 shares during the last quarter.
KOS has been the subject of a number of research reports. Zacks Investment Research cut Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. Barclays boosted their price objective on Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. BNP Paribas initiated coverage on Kosmos Energy in a research note on Friday, November 24th. They issued an “outperform” rating for the company. Howard Weil upgraded Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price objective for the company in a research note on Thursday, October 26th. Finally, Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Kosmos Energy has a consensus rating of “Hold” and an average price target of $9.45.
Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company’s revenue for the quarter was up 126.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) EPS. equities research analysts expect that Kosmos Energy Ltd will post -0.35 EPS for the current year.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the transaction, the director now owns 65,191 shares of the company’s stock, valued at $558,686.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.80% of the company’s stock.
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Kosmos Energy Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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