KBC Group NV Purchases 7,442 Shares of Kosmos Energy Ltd. (NYSE:KOS)

KBC Group NV lifted its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 54.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,037 shares of the oil and gas producer’s stock after purchasing an additional 7,442 shares during the quarter. KBC Group NV’s holdings in Kosmos Energy were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bridgewater Associates LP boosted its holdings in Kosmos Energy by 149.7% during the third quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock valued at $13,220,000 after purchasing an additional 1,966,437 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Kosmos Energy by 7.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 28,245,415 shares of the oil and gas producer’s stock worth $113,828,000 after buying an additional 1,933,216 shares during the period. Equinox Partners Investment Management LLC boosted its stake in Kosmos Energy by 29.4% in the 3rd quarter. Equinox Partners Investment Management LLC now owns 8,203,501 shares of the oil and gas producer’s stock valued at $33,060,000 after buying an additional 1,863,966 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Kosmos Energy by 8.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock valued at $85,202,000 after acquiring an additional 1,588,990 shares during the period. Finally, M&G PLC raised its stake in Kosmos Energy by 20.0% during the third quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock worth $23,647,000 after acquiring an additional 983,623 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kosmos Energy

In related news, CEO Andrew G. Inglis sold 102,701 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $320,427.12. Following the transaction, the chief executive officer now owns 4,236,691 shares in the company, valued at $13,218,475.92. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher James Ball sold 84,898 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total value of $264,881.76. Following the sale, the senior vice president now directly owns 1,639,925 shares of the company’s stock, valued at $5,116,566. This represents a 4.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 over the last quarter. Corporate insiders own 2.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KOS. Jefferies Financial Group restated a “buy” rating and issued a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Benchmark reduced their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Sanford C. Bernstein dropped 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Mizuho decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.52.

Kosmos Energy Trading Up 7.8 %

Shares of NYSE KOS opened at $3.25 on Tuesday. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58. The company has a 50-day moving average of $3.40 and a two-hundred day moving average of $3.99. The company has a market cap of $1.53 billion, a PE ratio of 7.38, a P/E/G ratio of 4.69 and a beta of 2.41. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25.

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.