Bank of New York Mellon Corp grew its position in Kosmos Energy Ltd (NYSE:KOS) by 15.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,035,850 shares of the oil and gas producer’s stock after buying an additional 135,119 shares during the period. Bank of New York Mellon Corp owned 0.27% of Kosmos Energy worth $8,246,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in Kosmos Energy by 7.2% in the 3rd quarter. Rhumbline Advisers now owns 175,115 shares of the oil and gas producer’s stock worth $1,394,000 after purchasing an additional 11,717 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Kosmos Energy by 28.9% in the 3rd quarter. New York State Common Retirement Fund now owns 626,300 shares of the oil and gas producer’s stock worth $4,985,000 after purchasing an additional 140,500 shares in the last quarter. Boston Partners boosted its stake in Kosmos Energy by 0.6% in 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 3rd quarter worth approximately $1,531,000. Finally, State of Wisconsin Investment Board boosted its stake in Kosmos Energy by 24.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 47,060 shares of the oil and gas producer’s stock worth $375,000 after purchasing an additional 9,098 shares in the last quarter.
KOS has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $15.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a research note on Friday, October 27th. Scotiabank upgraded shares of Kosmos Energy from a “sector perform” rating to a “buy” rating in a research note on Thursday, October 26th. BMO Capital Markets set a $11.00 price objective on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Tuesday, October 24th. TheStreet upgraded shares of Kosmos Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 6th. Finally, Barclays lifted their price objective on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 11th. One equities research 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. Kosmos Energy presently has an average rating of “Hold” and a consensus target price of $9.45.
Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $151.20 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.09) earnings per share. sell-side analysts anticipate that Kosmos Energy Ltd will post -0.34 earnings per share for the current year.
In other news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the completion of the transaction, the director now directly owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.80% of the stock is owned by insiders.
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About Kosmos Energy
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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