Great Lakes Advisors LLC Sells 37,675 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Great Lakes Advisors LLC trimmed its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 49.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,253 shares of the oil and gas producer’s stock after selling 37,675 shares during the quarter. Great Lakes Advisors LLC’s holdings in Kosmos Energy were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in Kosmos Energy by 10.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,393 shares of the oil and gas producer’s stock worth $155,000 after purchasing an additional 4,381 shares during the period. Banco Santander S.A. bought a new position in shares of Kosmos Energy during the 4th quarter valued at approximately $72,000. Raymond James Financial Inc. bought a new position in shares of Kosmos Energy during the 4th quarter valued at approximately $2,049,000. Victory Capital Management Inc. boosted its position in shares of Kosmos Energy by 17.1% during the 4th quarter. Victory Capital Management Inc. now owns 138,444 shares of the oil and gas producer’s stock valued at $473,000 after acquiring an additional 20,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Kosmos Energy by 13.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer’s stock valued at $23,835,000 after acquiring an additional 847,635 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,487.84. Following the transaction, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at approximately $536,817.84. This represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 503,970 shares of company stock worth $1,572,386. Company insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KOS shares. Jefferies Financial Group reiterated a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research report on Wednesday, December 18th. Mizuho decreased their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Benchmark lowered Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.52.

Kosmos Energy Stock Performance

KOS stock opened at $2.27 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The business’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.60. 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 $1.08 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 5.24 and a beta of 2.31.

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

Kosmos Energy 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.