Nealesh D. Shah Sells 56,987 Shares of Kosmos Energy Ltd. (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the sale, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kosmos Energy Stock Performance

NYSE: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 company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The company has a 50 day simple moving average of $3.48 and a 200-day simple moving average of $4.08. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a 52 week low of $2.62 and a 52 week high of $6.58.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KOS. Equinox Partners Investment Management LLC lifted its position in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after purchasing an additional 3,218,394 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Kosmos Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,131,142 shares of the oil and gas producer’s stock valued at $7,289,000 after buying an additional 86,692 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Kosmos Energy by 3.8% in the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after buying an additional 6,300 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in Kosmos Energy by 33.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock valued at $1,836,000 after buying an additional 133,704 shares in the last quarter. Finally, Sapient Capital LLC acquired a new position in Kosmos Energy during the fourth quarter worth about $37,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Kosmos Energy

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.