New York State Common Retirement Fund grew its position in shares of Kosmos Energy Ltd (NYSE:KOS) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 626,300 shares of the oil and gas producer’s stock after buying an additional 140,500 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of Kosmos Energy worth $4,985,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Boston Partners grew its holdings in shares of Kosmos Energy by 0.6% during the 3rd quarter. Boston Partners now owns 5,924,580 shares of the oil and gas producer’s stock worth $47,160,000 after purchasing an additional 34,407 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Kosmos Energy in the third quarter valued at about $1,531,000. State of Wisconsin Investment Board boosted its stake in Kosmos Energy by 24.0% in the third quarter. State of Wisconsin Investment Board now owns 47,060 shares of the oil and gas producer’s stock valued at $375,000 after buying an additional 9,098 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Kosmos Energy by 3.8% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 8,719,555 shares of the oil and gas producer’s stock valued at $69,408,000 after buying an additional 319,670 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Kosmos Energy in the third quarter valued at about $118,000.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the transaction, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million during the quarter, compared to the consensus estimate of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. Kosmos Energy’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. equities research analysts anticipate that Kosmos Energy Ltd will post -0.34 EPS for the current fiscal year.
Several research firms recently weighed in on KOS. Bank of America began coverage on Kosmos Energy in a research note on Friday, September 29th. They issued a “neutral” rating and a $9.00 price objective on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Kosmos Energy in a research note on Thursday, December 14th. Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th. Howard Weil raised Kosmos Energy from a “sector perform” rating to a “sector outperform” rating and set a $12.00 price objective on the stock in a research note on Thursday, October 26th. Finally, Barclays raised their price objective on Kosmos Energy from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.45.
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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