Squarepoint Ops LLC Cuts Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Squarepoint Ops LLC lowered its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 9.5% in the second quarter, Holdings Channel.com reports. The fund owned 652,684 shares of the oil and gas producer’s stock after selling 68,236 shares during the quarter. Squarepoint Ops LLC’s holdings in Kosmos Energy were worth $3,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its stake in Kosmos Energy by 23.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock valued at $149,867,000 after purchasing an additional 4,830,005 shares during the last quarter. American Century Companies Inc. raised its position in shares of Kosmos Energy by 17.2% in the second quarter. American Century Companies Inc. now owns 24,814,072 shares of the oil and gas producer’s stock valued at $137,470,000 after buying an additional 3,636,663 shares during the last quarter. M&G Plc purchased a new position in shares of Kosmos Energy in the first quarter worth about $20,800,000. Webs Creek Capital Management LP acquired a new position in Kosmos Energy during the first quarter worth about $17,396,000. Finally, William Blair Investment Management LLC grew its stake in Kosmos Energy by 13.5% during the 2nd quarter. William Blair Investment Management LLC now owns 13,620,854 shares of the oil and gas producer’s stock valued at $75,460,000 after acquiring an additional 1,624,495 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $4.26 on Wednesday. The firm has a market cap of $2.01 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.33 and a beta of 2.42. The company has a quick ratio of 0.50, a current ratio of 0.73 and a debt-to-equity ratio of 2.27. Kosmos Energy Ltd. has a 52 week low of $3.69 and a 52 week high of $8.23. The business’s fifty day simple moving average is $4.64 and its 200-day simple moving average is $5.39.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The company had revenue of $450.94 million during the quarter. Kosmos Energy had a net margin of 13.56% and a return on equity of 40.16%. Equities analysts forecast that Kosmos Energy Ltd. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KOS. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They issued a “neutral” rating and a $5.00 target price on the stock. Bank of America lowered their price objective on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Benchmark reiterated a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a report on Tuesday, August 6th. Finally, Sanford C. Bernstein dropped their price objective on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.47.

About Kosmos Energy

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.