Comerica Bank Has $118,000 Position in Kosmos Energy Ltd. (NYSE:KOS)

Comerica Bank increased its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 27.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 19,786 shares of the oil and gas producer’s stock after buying an additional 4,213 shares during the quarter. Comerica Bank’s holdings in Kosmos Energy were worth $118,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Kosmos Energy in the 4th quarter valued at $27,000. TFO Wealth Partners LLC boosted its holdings in shares of Kosmos Energy by 7,051.9% in the 4th quarter. TFO Wealth Partners LLC now owns 5,793 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 5,712 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Kosmos Energy by 35,360.9% during the 1st quarter. Covestor Ltd now owns 8,156 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 8,133 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of Kosmos Energy during the 1st quarter valued at $60,000. Finally, First Trust Direct Indexing L.P. acquired a new stake in shares of Kosmos Energy during the 4th quarter valued at $68,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

KOS stock opened at $4.86 on Monday. The stock has a 50-day moving average price of $5.36 and a 200-day moving average price of $5.69. Kosmos Energy Ltd. has a 1-year low of $4.43 and a 1-year high of $8.28. The company has a current ratio of 0.91, a quick ratio of 0.64 and a debt-to-equity ratio of 2.48. The firm has a market cap of $2.29 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.43 and a beta of 2.41.

Wall Street Analysts Forecast Growth

KOS has been the topic of several recent research reports. Benchmark reissued a “buy” rating and set a $8.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 6th. Sanford C. Bernstein lowered their target price on Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kosmos Energy currently has an average rating of “Moderate Buy” and a consensus target price of $8.56.

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.