Kosmos Energy Ltd. (NYSE:KOS) CFO Sells $177,799.44 in Stock

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah sold 56,987 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 directly owns 1,711,580 shares of the company’s stock, valued at approximately $5,340,129.60. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Kosmos Energy Stock Down 3.1 %

NYSE:KOS opened at $3.01 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company’s fifty day moving average price is $3.43 and its 200-day moving average price is $4.05. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58. The firm has a market capitalization of $1.42 billion, a P/E ratio of 6.83, a PEG ratio of 4.67 and a beta of 2.41.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Sanford C. Bernstein lowered their price objective on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Benchmark reduced their target price on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.52.

Institutional Investors Weigh In On Kosmos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Kosmos Energy by 26.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 341,300 shares of the oil and gas producer’s stock valued at $1,891,000 after buying an additional 71,632 shares during the period. Marshall Wace LLP raised its position in Kosmos Energy by 97.9% during the second quarter. Marshall Wace LLP now owns 250,735 shares of the oil and gas producer’s stock valued at $1,389,000 after acquiring an additional 124,058 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Kosmos Energy by 80.2% in the second quarter. AQR Capital Management LLC now owns 305,604 shares of the oil and gas producer’s stock valued at $1,693,000 after acquiring an additional 136,029 shares during the period. Millennium Management LLC boosted its position in Kosmos Energy by 34.9% in the 2nd quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock worth $12,976,000 after purchasing an additional 606,195 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Kosmos Energy by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 257,887 shares of the oil and gas producer’s stock worth $1,429,000 after purchasing an additional 8,197 shares during the period. 95.33% of the stock is owned by institutional investors and hedge funds.

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.