Paloma Partners Management Co Cuts Position in Kosmos Energy Ltd (KOS)

Paloma Partners Management Co lowered its stake in Kosmos Energy Ltd (NYSE:KOS) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,700 shares of the oil and gas producer’s stock after selling 8,622 shares during the period. Paloma Partners Management Co’s holdings in Kosmos Energy were worth $1,635,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Koch Industries Inc. acquired a new stake in shares of Kosmos Energy in the first quarter valued at approximately $113,000. PNC Financial Services Group Inc. increased its holdings in shares of Kosmos Energy by 377.6% in the first quarter. PNC Financial Services Group Inc. now owns 22,076 shares of the oil and gas producer’s stock valued at $138,000 after purchasing an additional 17,454 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Kosmos Energy in the second quarter valued at approximately $139,000. Cubist Systematic Strategies LLC increased its holdings in shares of Kosmos Energy by 47.4% in the second quarter. Cubist Systematic Strategies LLC now owns 26,260 shares of the oil and gas producer’s stock valued at $217,000 after purchasing an additional 8,441 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Kosmos Energy by 70.8% in the second quarter. State of Alaska Department of Revenue now owns 30,992 shares of the oil and gas producer’s stock valued at $256,000 after purchasing an additional 12,842 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on KOS. ValuEngine lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Friday, August 10th. Jefferies Financial Group raised shares of Kosmos Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $5.15 to $8.62 in a report on Monday, June 11th. Raymond James cut shares of Kosmos Energy from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, September 26th. They noted that the move was a valuation call. Finally, Barclays set a $11.00 price objective on shares of Kosmos Energy and gave the company a “buy” rating in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $9.95.

In other news, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of Kosmos Energy stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $29,462,404.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Benjamin Krieger sold 5,684,429 shares of Kosmos Energy stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $8.94, for a total transaction of $50,818,795.26. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.

Shares of KOS stock opened at $9.20 on Tuesday. Kosmos Energy Ltd has a 52-week low of $5.15 and a 52-week high of $9.75. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of -27.88 and a beta of 1.61. The company has a current ratio of 0.96, a quick ratio of 0.79 and a debt-to-equity ratio of 1.57.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Kosmos Energy had a negative net margin of 49.78% and a negative return on equity of 15.21%. The business had revenue of $215.47 million during the quarter, compared to the consensus estimate of $215.07 million. During the same period in the previous year, the business posted ($0.02) earnings per share. Kosmos Energy’s revenue was up 47.1% compared to the same quarter last year. As a group, equities analysts anticipate that Kosmos Energy Ltd will post -0.05 earnings per share for the current year.

Kosmos Energy Profile

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

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Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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