Arizona State Retirement System Sells 2,346 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Arizona State Retirement System cut its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,621 shares of the oil and gas producer’s stock after selling 2,346 shares during the period. Arizona State Retirement System’s holdings in Kosmos Energy were worth $863,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Kosmos Energy by 9.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer’s stock worth $171,488,000 after purchasing an additional 1,845,273 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Kosmos Energy by 31.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock worth $31,084,000 after purchasing an additional 900,000 shares during the period. Jennison Associates LLC bought a new position in shares of Kosmos Energy in the third quarter worth about $25,820,000. PNC Financial Services Group Inc. increased its stake in shares of Kosmos Energy by 93.1% in the third quarter. PNC Financial Services Group Inc. now owns 57,566 shares of the oil and gas producer’s stock worth $471,000 after purchasing an additional 27,759 shares during the period. Finally, Mizuho Markets Americas LLC bought a new position in shares of Kosmos Energy in the third quarter worth about $942,000. 95.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KOS shares. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. TheStreet lowered Kosmos Energy from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Kosmos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $9.63.

Kosmos Energy Stock Up 0.6 %

NYSE KOS opened at $6.09 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 2.32. The stock’s 50 day moving average is $5.86 and its two-hundred day moving average is $6.47. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.77 and a beta of 2.37. Kosmos Energy Ltd. has a 1-year low of $5.23 and a 1-year high of $8.28.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $507.81 million for the quarter. Kosmos Energy had a return on equity of 39.94% and a net margin of 12.55%. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities analysts forecast that Kosmos Energy Ltd. will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CEO Andrew G. Inglis sold 166,524 shares of Kosmos Energy stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $1,004,139.72. Following the sale, the chief executive officer now directly owns 3,909,135 shares of the company’s stock, valued at $23,572,084.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Jason Doughty sold 66,616 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $401,694.48. Following the transaction, the senior vice president now directly owns 1,458,018 shares of the company’s stock, valued at approximately $8,791,848.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew G. Inglis sold 166,524 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.03, for a total value of $1,004,139.72. Following the completion of the transaction, the chief executive officer now directly owns 3,909,135 shares in the company, valued at $23,572,084.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 335,337 shares of company stock valued at $2,022,082. 1.79% of the stock is currently owned by corporate insiders.

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.