First Eagle Investment Management LLC Grows Holdings in Kosmos Energy Ltd. (NYSE:KOS)

First Eagle Investment Management LLC grew its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 128.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,237,600 shares of the oil and gas producer’s stock after acquiring an additional 695,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Kosmos Energy were worth $4,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank grew its position in shares of Kosmos Energy by 0.8% during the 4th quarter. Swiss National Bank now owns 928,000 shares of the oil and gas producer’s stock worth $3,174,000 after buying an additional 7,500 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kosmos Energy by 10.7% during 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 buying an additional 4,381 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Kosmos Energy during the 4th quarter worth $72,000. Raymond James Financial Inc. bought a new position in shares of Kosmos Energy during the 4th quarter worth $2,049,000. Finally, Victory Capital Management Inc. grew 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 worth $473,000 after buying an additional 20,235 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nealesh D. Shah sold 56,987 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $177,799.44. Following the completion of the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KOS shares. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Mizuho dropped their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.52.

Kosmos Energy Price Performance

Shares of KOS stock opened at $2.23 on Friday. The stock’s 50-day moving average is $3.10 and its 200 day moving average is $3.63. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. Kosmos Energy Ltd. has a 1-year low of $2.07 and a 1-year high of $6.58. The company has a market cap of $1.06 billion, a P/E ratio of 5.06, a PEG ratio of 5.24 and a beta of 2.31.

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