Kosmos Energy Ltd. $KOS Shares Bought by Caxton Associates LLP

Caxton Associates LLP raised its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 70.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 828,839 shares of the oil and gas producer’s stock after buying an additional 343,206 shares during the quarter. Caxton Associates LLP’s holdings in Kosmos Energy were worth $2,304,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Sei Investments Co. raised its holdings in Kosmos Energy by 76.8% in the 1st quarter. Sei Investments Co. now owns 1,515,992 shares of the oil and gas producer’s stock valued at $4,214,000 after acquiring an additional 658,414 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of Kosmos Energy during the 1st quarter worth approximately $70,000. First Trust Advisors LP grew its position in shares of Kosmos Energy by 9.2% in the first quarter. First Trust Advisors LP now owns 7,694,248 shares of the oil and gas producer’s stock valued at $21,390,000 after purchasing an additional 646,052 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kosmos Energy by 20.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,083,075 shares of the oil and gas producer’s stock valued at $19,699,000 after purchasing an additional 1,204,789 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Kosmos Energy by 106.5% in the first quarter. Parallel Advisors LLC now owns 25,268 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 13,031 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Nealesh D. Shah sold 45,980 shares of Kosmos Energy stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $94,259.00. Following the completion of the transaction, the chief financial officer directly owned 1,935,410 shares in the company, valued at approximately $3,967,590.50. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Josh R. Marion sold 24,969 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $2.05, for a total value of $51,186.45. Following the transaction, the senior vice president directly owned 233,404 shares of the company’s stock, valued at $478,478.20. The trade was a 9.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 294,580 shares of company stock valued at $689,275. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KOS has been the topic of a number of analyst reports. Weiss Ratings downgraded Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada downgraded Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research report on Thursday, April 9th. Finally, Stephens dropped their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.53.

Kosmos Energy Price Performance

Shares of KOS opened at $2.64 on Friday. Kosmos Energy Ltd. has a fifty-two week low of $0.84 and a fifty-two week high of $3.34. The firm’s 50 day moving average price is $2.56 and its 200 day moving average price is $2.33. The company has a market cap of $1.57 billion, a P/E ratio of -1.57, a PEG ratio of 0.32 and a beta of 0.71. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 5.56.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The business had revenue of $370.73 million during the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. On average, research analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current fiscal year.

Kosmos Energy Profile

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.