Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis Sells 102,701 Shares

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis sold 102,701 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $320,427.12. Following the transaction, the chief executive officer now directly owns 4,236,691 shares in the company, valued at approximately $13,218,475.92. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kosmos Energy Stock Performance

Kosmos Energy stock opened at $3.10 on Wednesday. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $4.06. The company has a market capitalization of $1.46 billion, a P/E ratio of 7.04, a PEG ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a twelve month low of $2.62 and a twelve month high of $6.58. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25.

Analysts Set New Price Targets

KOS has been the topic of several research analyst reports. 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. Mizuho reduced their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. 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. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kosmos Energy has a consensus rating of “Moderate Buy” and an average target price of $5.52.

Hedge Funds Weigh In On Kosmos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Equinox Partners Investment Management LLC raised its holdings in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after buying an additional 3,218,394 shares during the last quarter. Bridgewater Associates LP increased its position in shares of 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 acquiring an additional 1,966,437 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 7.3% in 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 acquiring an additional 1,933,216 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Kosmos Energy by 8.1% in the 3rd 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 in the last quarter. Finally, M&G PLC boosted its stake in Kosmos Energy by 20.0% during the 3rd quarter. M&G PLC now owns 5,911,844 shares of the oil and gas producer’s stock valued at $23,647,000 after purchasing an additional 983,623 shares during the last quarter. 95.33% of the stock is currently owned by institutional investors.

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.