Equinox Partners Investment Management LLC Cuts Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Equinox Partners Investment Management LLC trimmed its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 16.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,230,829 shares of the oil and gas producer’s stock after selling 1,039,289 shares during the period. Kosmos Energy makes up approximately 25.3% of Equinox Partners Investment Management LLC’s holdings, making the stock its 2nd largest holding. Equinox Partners Investment Management LLC’s holdings in Kosmos Energy were worth $31,176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KOS. Wetzel Investment Advisors Inc. acquired a new position in shares of Kosmos Energy in the 4th quarter valued at $27,000. TFO Wealth Partners LLC grew its holdings in shares of Kosmos Energy by 7,051.9% in the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 5,712 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in Kosmos Energy during the fourth quarter worth about $68,000. Procyon Advisors LLC bought a new position in Kosmos Energy during the fourth quarter worth about $74,000. Finally, Jump Financial LLC acquired a new stake in Kosmos Energy during the fourth quarter worth approximately $76,000. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KOS has been the topic of a number of research reports. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Benchmark reiterated a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kosmos Energy currently has an average rating of “Moderate Buy” and an average price target of $9.30.

Kosmos Energy Stock Up 1.1 %

KOS stock traded up $0.06 during trading on Thursday, reaching $5.49. The stock had a trading volume of 1,025,968 shares, compared to its average volume of 6,910,655. Kosmos Energy Ltd. has a one year low of $5.07 and a one year high of $8.28. The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 2.48. The company’s 50 day moving average is $5.78 and its two-hundred day moving average is $6.01. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.43 and a beta of 2.39.

Kosmos Energy (NYSE:KOS) last released its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 earnings per share for the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. The firm had revenue of $419.14 million during the quarter. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.72 EPS for the current year.

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.