Man Group plc Buys New Stake in Kosmos Energy Ltd. $KOS

Man Group plc bought a new stake in Kosmos Energy Ltd. (NYSE:KOS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,142,835 shares of the oil and gas producer’s stock, valued at approximately $2,411,000.

Other institutional investors have also recently made changes to their positions in the company. Swiss Life Asset Management Ltd raised its holdings in Kosmos Energy by 12.2% in the second quarter. Swiss Life Asset Management Ltd now owns 38,893 shares of the oil and gas producer’s stock valued at $82,000 after acquiring an additional 4,215 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Kosmos Energy by 10.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 46,938 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 4,361 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Kosmos Energy by 7.8% in the 2nd quarter. Pictet Asset Management Holding SA now owns 93,441 shares of the oil and gas producer’s stock valued at $197,000 after acquiring an additional 6,757 shares during the last quarter. Parallel Advisors LLC increased its stake in Kosmos Energy by 41.0% in the third quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 7,169 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after buying an additional 9,159 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew G. Inglis sold 85,935 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 value of $176,166.75. Following the completion of the sale, the chief executive officer 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 Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $2.05, for a total value of $51,186.45. Following the completion of the transaction, the senior vice president directly owned 233,404 shares in the company, valued at $478,478.20. This trade represents 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. Over the last ninety days, insiders have sold 169,012 shares of company stock worth $346,475. 1.90% of the stock is owned by company insiders.

Analyst Ratings Changes

KOS has been the topic of several research reports. Stephens lowered 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 research report on Tuesday, July 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, August 3rd. Mizuho upgraded 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. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.53.

Kosmos Energy Trading Up 3.5%

NYSE:KOS opened at $2.96 on Wednesday. Kosmos Energy Ltd. has a 52-week low of $0.84 and a 52-week high of $3.34. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 3.58. The stock has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.59. The company has a market capitalization of $1.76 billion, a PE ratio of -2.49, a price-to-earnings-growth ratio of 0.21 and a beta of 0.73.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $607.25 million during the quarter, compared to the consensus estimate of $483.23 million. On average, equities research analysts expect that Kosmos Energy Ltd. will post 0.45 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.