Insider Selling: Kosmos Energy Ltd. (NYSE:KOS) CAO Sells 16,182 Shares of Stock

Kosmos Energy Ltd. (NYSE:KOS) CAO Ronald W. Glass sold 16,182 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the transaction, the chief accounting officer now owns 320,231 shares in the company, valued at $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Kosmos Energy Trading Down 0.7 %

KOS traded down $0.02 during mid-day trading on Tuesday, hitting $3.10. The stock had a trading volume of 8,550,929 shares, compared to its average volume of 7,435,294. The stock’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $4.08. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58.

Institutional Investors Weigh In On Kosmos Energy

Several hedge funds have recently bought and sold shares of the company. Fruth Investment Management raised its holdings in Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,500 shares during the period. nVerses Capital LLC increased its position in shares of Kosmos Energy by 13.6% during the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock worth $125,000 after acquiring an additional 3,700 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after acquiring an additional 4,640 shares in the last quarter. Avidian Wealth Enterprises LLC increased its position in shares of Kosmos Energy by 42.8% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock worth $66,000 after acquiring an additional 4,921 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock worth $588,000 after acquiring an additional 6,300 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KOS shares. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Benchmark cut their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Sanford C. Bernstein cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, Mizuho cut their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kosmos Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

Kosmos Energy Company Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.