Boston Partners Lowers Stake in Kosmos Energy Ltd. (KOS)
Boston Partners reduced its stake in Kosmos Energy Ltd. (NYSE:KOS) by 35.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,890,173 shares of the oil and gas producer’s stock after selling 3,168,926 shares during the period. Boston Partners’ holdings in Kosmos Energy were worth $37,756,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Kosmos Energy by 22.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 692,331 shares of the oil and gas producer’s stock valued at $4,438,000 after buying an additional 128,576 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Kosmos Energy during the second quarter valued at about $406,000. NGAM Advisors L.P. boosted its stake in shares of Kosmos Energy by 4.1% in the second quarter. NGAM Advisors L.P. now owns 1,674,915 shares of the oil and gas producer’s stock valued at $10,736,000 after buying an additional 66,554 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Kosmos Energy by 31.7% in the second quarter. Russell Investments Group Ltd. now owns 313,299 shares of the oil and gas producer’s stock valued at $2,007,000 after buying an additional 75,400 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Kosmos Energy by 3.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 8,399,885 shares of the oil and gas producer’s stock valued at $53,843,000 after buying an additional 251,660 shares in the last quarter.
Kosmos Energy Ltd. (KOS) opened at 6.83 on Monday. The stock’s market cap is $2.66 billion. The stock’s 50 day moving average is $6.44 and its 200 day moving average is $6.30. Kosmos Energy Ltd. has a 52 week low of $4.39 and a 52 week high of $7.90.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, August 7th. The oil and gas producer reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $146.50 million for the quarter, compared to analyst estimates of $168.71 million. Kosmos Energy had a negative net margin of 26.69% and a negative return on equity of 8.60%. The business’s quarterly revenue was up 220.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Analysts predict that Kosmos Energy Ltd. will post ($0.25) EPS for the current year.
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Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday. Macquarie assumed coverage on shares of Kosmos Energy in a report on Monday, August 7th. They issued an “outperform” rating and a $10.00 target price on the stock. BMO Capital Markets restated a “buy” rating and issued a $9.00 target price on shares of Kosmos Energy in a report on Friday, August 4th. Jefferies Group LLC set a $8.00 target price on shares of Kosmos Energy and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Citigroup Inc. dropped their target price on shares of Kosmos Energy from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.71.
In other news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by corporate insiders.
Kosmos Energy Company 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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