Huntington National Bank acquired a new stake in shares of Kosmos Energy Ltd (NYSE:KOS) in the first quarter, HoldingsChannel.com reports. The firm acquired 30,702 shares of the oil and gas producer’s stock, valued at approximately $191,000.

Several other institutional investors have also recently modified their holdings of KOS. JPMorgan Chase & Co. grew its position in shares of Kosmos Energy by 21.7% during the third quarter. JPMorgan Chase & Co. now owns 211,853 shares of the oil and gas producer’s stock valued at $1,981,000 after purchasing an additional 37,811 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kosmos Energy by 53.3% during the third quarter. PNC Financial Services Group Inc. now owns 31,099 shares of the oil and gas producer’s stock valued at $290,000 after purchasing an additional 10,817 shares in the last quarter. CI Investments Inc. purchased a new position in shares of Kosmos Energy during the third quarter valued at about $6,900,000. Panagora Asset Management Inc. grew its position in shares of Kosmos Energy by 138.8% during the third quarter. Panagora Asset Management Inc. now owns 84,087 shares of the oil and gas producer’s stock valued at $786,000 after purchasing an additional 48,877 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Kosmos Energy during the third quarter valued at about $159,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.

Several research firms recently commented on KOS. Barclays set a $9.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research report on Thursday, January 10th. ValuEngine upgraded Kosmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. TheStreet upgraded Kosmos Energy from a “d” rating to a “c-” rating in a research report on Tuesday, February 26th. Societe Generale set a $8.00 price target on Kosmos Energy and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Finally, Zacks Investment Research lowered Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.52.

In other news, Director Pincus & Co. Warburg sold 81,504,790 shares of Kosmos Energy stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $6.51, for a total transaction of $530,596,182.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Iv Gp L.L.C. Bcp sold 22,500,000 shares of Kosmos Energy stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $6.51, for a total transaction of $146,475,000.00. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.

Kosmos Energy stock opened at $6.58 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 2.25. Kosmos Energy Ltd has a fifty-two week low of $3.53 and a fifty-two week high of $9.75. The company has a market cap of $2.57 billion, a PE ratio of -14.00 and a beta of 2.20.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Monday, February 25th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.20). Kosmos Energy had a negative net margin of 10.42% and a negative return on equity of 21.82%. The company had revenue of $309.50 million for the quarter, compared to the consensus estimate of $332.55 million. During the same period in the prior year, the firm posted ($0.10) EPS. The business’s revenue was up 65.4% on a year-over-year basis. On average, sell-side analysts predict that Kosmos Energy Ltd will post 0.02 EPS for the current year.

The business also recently declared an annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.045 per share. This represents a dividend yield of 0.71%. The ex-dividend date was Wednesday, March 6th. Kosmos Energy’s dividend payout ratio is presently -38.30%.

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Kosmos Energy Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

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