Natixis Advisors LLC Sells 1,021,304 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Natixis Advisors LLC lessened its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 15.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,689,552 shares of the oil and gas producer’s stock after selling 1,021,304 shares during the period. Natixis Advisors LLC’s holdings in Kosmos Energy were worth $19,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Kosmos Energy in the third quarter valued at approximately $28,000. Sapient Capital LLC bought a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $37,000. CTC Alternative Strategies Ltd. bought a new position in shares of Kosmos Energy in the third quarter valued at approximately $43,000. Caprock Group LLC bought a new position in shares of Kosmos Energy in the third quarter valued at approximately $48,000. Finally, Ballentine Partners LLC bought a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $58,000. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Up 0.2 %

Shares of Kosmos Energy stock opened at $2.28 on Wednesday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 5.24 and a beta of 2.31. The company’s 50 day moving average price is $3.03 and its 200-day moving average price is $3.58. Kosmos Energy Ltd. has a 52-week low of $2.07 and a 52-week high of $6.58. 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 (NYSE:KOS) last announced its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $397.66 million for the quarter, compared to the consensus estimate of $387.60 million. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KOS shares. StockNews.com downgraded shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Benchmark downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Mizuho decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. 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, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $5.52.

Insider Activity

In other news, CEO Andrew G. Inglis sold 138,689 shares of Kosmos Energy stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the transaction, the chief executive officer now owns 3,959,000 shares of the company’s stock, valued at $12,352,080. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the transaction, the chief accounting officer now directly owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,970 shares of company stock worth $1,572,386. Corporate insiders own 2.02% of the company’s stock.

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.