M&G PLC Increases Stock Holdings in Kosmos Energy Ltd. $KOS

M&G PLC boosted its stake in Kosmos Energy Ltd. (NYSE:KOS) by 38.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,978,144 shares of the oil and gas producer’s stock after purchasing an additional 2,210,302 shares during the quarter. M&G PLC’s holdings in Kosmos Energy were worth $13,244,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Equinox Partners Investment Management LLC boosted its position in Kosmos Energy by 41.6% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after acquiring an additional 5,485,000 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Kosmos Energy by 333.0% in the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after acquiring an additional 2,477,102 shares in the last quarter. Raiffeisen Bank International AG lifted its stake in shares of Kosmos Energy by 100.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock valued at $1,860,000 after purchasing an additional 500,000 shares during the period. Patient Capital Management LLC lifted its stake in shares of Kosmos Energy by 7.4% in the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after purchasing an additional 1,334,930 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Kosmos Energy by 21.5% during the second quarter. Russell Investments Group Ltd. now owns 6,464,577 shares of the oil and gas producer’s stock valued at $11,119,000 after purchasing an additional 1,145,057 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on KOS. Stephens assumed coverage on Kosmos Energy in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price target on the stock. Bank of America reaffirmed an “underperform” rating and issued a $1.00 target price (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kosmos Energy in a research note on Monday, December 29th. Clarkson Capital began coverage on shares of Kosmos Energy in a research report on Friday, October 24th. They set a “buy” rating and a $4.00 price target for the company. Finally, Mizuho cut their price objective on shares of Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Kosmos Energy currently has an average rating of “Hold” and a consensus target price of $2.08.

Insiders Place Their Bets

In other Kosmos Energy news, CEO Andrew G. Inglis sold 103,554 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $141,868.98. Following the sale, the chief executive officer directly owned 4,271,645 shares in the company, valued at approximately $5,852,153.65. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Nealesh D. Shah sold 54,434 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $1.37, for a total value of $74,574.58. Following the transaction, the chief financial officer directly owned 1,729,857 shares in the company, valued at approximately $2,369,904.09. The trade was a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 272,844 shares of company stock valued at $377,592. Insiders own 2.02% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.68 on Tuesday. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.29 and a current ratio of 0.52. The company has a market capitalization of $801.20 million, a price-to-earnings ratio of -2.46 and a beta of 0.89. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.49. The company’s 50-day moving average is $1.19 and its 200 day moving average is $1.44.

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.