William Blair Investment Management LLC Reduces Stake in Kosmos Energy Ltd. (NYSE:KOS)

William Blair Investment Management LLC decreased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 33.4% during the second quarter, HoldingsChannel.com reports. The firm owned 10,139,062 shares of the oil and gas producer’s stock after selling 5,081,035 shares during the period. William Blair Investment Management LLC’s holdings in Kosmos Energy were worth $60,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in Kosmos Energy by 50.1% during the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,467 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Kosmos Energy by 5.8% during the 1st quarter. Advisory Services Network LLC now owns 27,425 shares of the oil and gas producer’s stock worth $197,000 after purchasing an additional 1,500 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in Kosmos Energy by 6.8% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 24,755 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 1,568 shares in the last quarter. Royal Bank of Canada lifted its holdings in Kosmos Energy by 5.1% during the 1st quarter. Royal Bank of Canada now owns 33,606 shares of the oil and gas producer’s stock worth $241,000 after purchasing an additional 1,618 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Kosmos Energy by 33.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 7,054 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Kosmos Energy Stock Performance

Shares of NYSE KOS opened at $6.92 on Tuesday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 43.75, a P/E/G ratio of 0.67 and a beta of 2.62. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 2.39. Kosmos Energy Ltd. has a 1-year low of $5.28 and a 1-year high of $8.55. The stock’s 50-day moving average is $7.32 and its 200 day moving average is $6.87.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Sunday, November 5th. The oil and gas producer reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Kosmos Energy had a return on equity of 38.42% and a net margin of 4.41%. The company had revenue of $526.55 million for the quarter. During the same period in the prior year, the business posted $0.19 earnings per share. On average, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Kosmos Energy in a report on Tuesday, August 8th. StockNews.com raised Kosmos Energy to a “sell” rating in a report on Tuesday, November 7th. Stifel Nicolaus assumed coverage on Kosmos Energy in a report on Monday. They issued a “buy” rating and a $10.00 price target on the stock. Bank of America raised Kosmos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.70 to $10.00 in a report on Wednesday, September 27th. Finally, Sanford C. Bernstein cut Kosmos Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $12.00 to $9.00 in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given 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 target price of $9.53.

About Kosmos Energy

Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.