Principal Financial Group Inc. decreased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 11.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 47,777 shares of the oil and gas producer’s stock after selling 6,141 shares during the quarter. Principal Financial Group Inc.’s holdings in Kosmos Energy were worth $391,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Kosmos Energy by 143.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 2,110 shares during the period. Captrust Financial Advisors boosted its stake in shares of Kosmos Energy by 50.1% during the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 1,467 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Kosmos Energy during the first quarter worth about $45,000. Boothbay Fund Management LLC acquired a new stake in shares of Kosmos Energy during the second quarter worth about $60,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Kosmos Energy during the second quarter worth about $65,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
Kosmos Energy Trading Up 6.6 %
Shares of Kosmos Energy stock opened at $5.78 on Tuesday. Kosmos Energy Ltd. has a 12-month low of $5.28 and a 12-month high of $8.55. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 2.39. The stock has a market cap of $2.66 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 0.38 and a beta of 2.43. The company has a 50-day moving average of $6.38 and a two-hundred day moving average of $6.94.
Insider Buying and Selling at Kosmos Energy
Analysts Set New Price Targets
Several research firms recently issued reports on KOS. Stifel Nicolaus began coverage on shares of Kosmos Energy in a report on Monday, November 20th. They set a “buy” rating and a $10.00 price target for the company. Sanford C. Bernstein cut shares of Kosmos Energy from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $12.00 to $9.00 in a report on Tuesday, October 17th. Finally, StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.53.
Kosmos Energy Company Profile
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.
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