Ieq Capital LLC Acquires Shares of 341,681 Kosmos Energy Ltd. $KOS

Ieq Capital LLC acquired a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the second quarter, HoldingsChannel.com reports. The fund acquired 341,681 shares of the oil and gas producer’s stock, valued at approximately $721,000.

Several other institutional investors and hedge funds also recently modified their holdings of KOS. AQR Capital Management LLC grew its stake in shares of Kosmos Energy by 56.7% in the first quarter. AQR Capital Management LLC now owns 387,739 shares of the oil and gas producer’s stock valued at $884,000 after buying an additional 140,261 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kosmos Energy by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 12,045 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kosmos Energy by 21.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,541,006 shares of the oil and gas producer’s stock worth $5,793,000 after acquiring an additional 443,384 shares in the last quarter. Strs Ohio purchased a new position in Kosmos Energy in the 1st quarter worth approximately $120,000. Finally, Rhumbline Advisers boosted its holdings in Kosmos Energy by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 718,954 shares of the oil and gas producer’s stock worth $1,237,000 after acquiring an additional 52,750 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Price Performance

KOS stock opened at $2.87 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The stock’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.56. The company has a market capitalization of $1.71 billion, a PE ratio of -2.41, a P/E/G ratio of 0.21 and a beta of 0.72.

Kosmos Energy (NYSE:KOS) last released its earnings results on Monday, August 3rd. The oil and gas producer reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Kosmos Energy had a negative return on equity of 17.73% and a negative net margin of 33.98%.The company had revenue of $607.25 million during the quarter, compared to analysts’ expectations of $483.23 million. Analysts predict that Kosmos Energy Ltd. will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 85,935 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $176,166.75. Following the sale, the chief executive officer directly owned 4,678,043 shares of the company’s stock, valued at $9,589,988.15. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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, CFO Nealesh D. Shah sold 45,980 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total transaction of $94,259.00. Following the transaction, the chief financial officer owned 1,935,410 shares in the company, valued at $3,967,590.50. This trade represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 169,012 shares of company stock valued at $346,475 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KOS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, August 3rd. Mizuho upgraded shares of Kosmos Energy to a “strong sell” rating in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Kosmos Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, Stephens cut their price objective on shares of Kosmos Energy from $3.00 to $2.40 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $2.53.

Kosmos Energy Company 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.