Royce & Associates LP Has $6.07 Million Stake in Kosmos Energy Ltd. (NYSE:KOS)

Royce & Associates LP grew its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 101.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,773,690 shares of the oil and gas producer’s stock after acquiring an additional 893,690 shares during the quarter. Royce & Associates LP’s holdings in Kosmos Energy were worth $6,066,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KOS. Victory Capital Management Inc. raised its stake in Kosmos Energy by 9.0% during the 3rd quarter. Victory Capital Management Inc. now owns 118,209 shares of the oil and gas producer’s stock valued at $476,000 after purchasing an additional 9,753 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Kosmos Energy in the third quarter valued at about $48,000. Jennison Associates LLC grew its position in Kosmos Energy by 3.0% during the third quarter. Jennison Associates LLC now owns 6,868,689 shares of the oil and gas producer’s stock worth $27,681,000 after buying an additional 199,317 shares in the last quarter. Moors & Cabot Inc. increased its stake in Kosmos Energy by 3.5% during the third quarter. Moors & Cabot Inc. now owns 375,700 shares of the oil and gas producer’s stock valued at $1,514,000 after acquiring an additional 12,700 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Kosmos Energy by 9.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,585,787 shares of the oil and gas producer’s stock valued at $14,451,000 after acquiring an additional 314,293 shares in the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of NYSE:KOS opened at $2.31 on Thursday. The business has a fifty day moving average of $3.01 and a 200-day moving average of $3.57. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a twelve month low of $2.07 and a twelve month high of $6.58. The firm has a market cap of $1.10 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 5.24 and a beta of 2.31.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The company had revenue of $397.66 million during the quarter, compared to the consensus estimate of $387.60 million. On average, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Activity

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This represents a 8.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew G. Inglis sold 102,701 shares of Kosmos Energy 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 $320,427.12. Following the transaction, the chief executive officer now directly owns 4,236,691 shares in the company, valued at $13,218,475.92. The trade was a 2.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 503,970 shares of company stock valued at $1,572,386. 2.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

KOS has been the topic of a number of research reports. Benchmark cut Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, Mizuho dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” 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.