Janus Henderson Group PLC Acquires 2,174,305 Shares of Kosmos Energy Ltd (KOS)
Janus Henderson Group PLC raised its holdings in shares of Kosmos Energy Ltd (NYSE:KOS) by 39.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,619,305 shares of the oil and gas producer’s stock after purchasing an additional 2,174,305 shares during the quarter. Janus Henderson Group PLC owned approximately 1.96% of Kosmos Energy worth $60,613,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC purchased a new stake in Kosmos Energy during the third quarter valued at about $118,000. Teacher Retirement System of Texas lifted its holdings in Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock valued at $123,000 after purchasing an additional 3,778 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kosmos Energy by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock worth $169,000 after buying an additional 7,144 shares in the last quarter. Comerica Bank lifted its holdings in shares of Kosmos Energy by 19.3% in the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 3,626 shares in the last quarter. Finally, QS Investors LLC lifted its holdings in shares of Kosmos Energy by 192.3% in the second quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 15,000 shares in the last quarter.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total transaction of $119,980.00. Following the transaction, the director now directly owns 65,191 shares in the company, valued at $558,686.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.
Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. sell-side analysts forecast that Kosmos Energy Ltd will post -0.35 EPS for the current year.
A number of brokerages have recently issued reports on KOS. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. BNP Paribas began coverage on shares of Kosmos Energy in a report on Friday, November 24th. They issued an “outperform” rating on the stock. Bank of America began coverage on shares of Kosmos Energy in a report on Friday, September 29th. They issued a “neutral” rating and a $9.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and issued a $9.00 price target on shares of Kosmos Energy in a report on Wednesday, September 27th. Finally, Barclays increased their price target on shares of Kosmos Energy from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.55.
Kosmos Energy Company Profile
Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.
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