Fmr LLC Lowers Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Fmr LLC trimmed its stake in Kosmos Energy Ltd. (NYSE:KOS) by 19.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,243,875 shares of the oil and gas producer’s stock after selling 7,649,762 shares during the period. Fmr LLC owned about 0.07% of Kosmos Energy worth $125,913,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new stake in Kosmos Energy in the second quarter valued at approximately $26,000. CWM LLC raised its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 2,969 shares during the period. Signaturefd LLC boosted its holdings in Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 10,740 shares during the period. InTrack Investment Management Inc purchased a new position in Kosmos Energy during the 3rd quarter valued at about $44,000. Finally, Naviter Wealth LLC acquired a new position in Kosmos Energy in the 3rd quarter valued at about $48,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KOS has been the subject of several recent research reports. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Mizuho assumed coverage on shares of Kosmos Energy in a research report on Thursday, September 19th. They issued a “neutral” rating and a $5.00 price target for the company. Bank of America cut their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Finally, Benchmark lowered their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.75.

Kosmos Energy Price Performance

Shares of KOS opened at $3.81 on Wednesday. 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 firm’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $4.78. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.49 and a beta of 2.41. Kosmos Energy Ltd. has a twelve month low of $3.49 and a twelve month high of $7.07.

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.