Rafferty Asset Management LLC Has $1.23 Million Stock Holdings in Kosmos Energy Ltd. $KOS

Rafferty Asset Management LLC raised its position in Kosmos Energy Ltd. (NYSE:KOS) by 40.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 738,806 shares of the oil and gas producer’s stock after acquiring an additional 212,970 shares during the period. Rafferty Asset Management LLC owned about 0.15% of Kosmos Energy worth $1,226,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KOS. Orion Porfolio Solutions LLC raised its holdings in shares of Kosmos Energy by 18.8% in the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 9,159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kosmos Energy by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 278,082 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 12,045 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Kosmos Energy in the 2nd quarter valued at $27,000. PNC Financial Services Group Inc. increased its stake in Kosmos Energy by 59.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 45,694 shares of the oil and gas producer’s stock valued at $76,000 after buying an additional 17,121 shares during the last quarter. Finally, Ellevest Inc. bought a new stake in Kosmos Energy during the 2nd quarter worth about $34,000. 95.33% of the stock is owned by institutional investors.

Insider Activity at Kosmos Energy

In other news, SVP Josh R. Marion sold 19,656 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $1.37, for a total transaction of $26,928.72. Following the completion of the sale, the senior vice president owned 197,409 shares in the company, valued at $270,450.33. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew G. Inglis sold 44,628 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $1.42, for a total value of $63,371.76. Following the completion of the transaction, the chief executive officer directly owned 4,227,017 shares in the company, valued at $6,002,364.14. The trade was a 1.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 272,844 shares of company stock valued at $377,592. 1.99% of the stock is currently owned by insiders.

Kosmos Energy Stock Down 0.8%

KOS opened at $2.52 on Friday. Kosmos Energy Ltd. has a 1-year low of $0.84 and a 1-year high of $2.70. The stock’s fifty day simple moving average is $1.50 and its 200 day simple moving average is $1.48. The company has a current ratio of 0.75, a quick ratio of 0.29 and a debt-to-equity ratio of 5.53. The stock has a market cap of $1.21 billion, a PE ratio of -1.73 and a beta of 0.76.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, March 2nd. The oil and gas producer reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Kosmos Energy had a negative return on equity of 39.29% and a negative net margin of 54.18%.The company had revenue of $294.62 million for the quarter, compared to the consensus estimate of $323.46 million. As a group, research analysts expect that Kosmos Energy Ltd. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KOS. The Goldman Sachs Group raised their price objective on Kosmos Energy from $1.75 to $2.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Mizuho decreased their price target on Kosmos Energy from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Friday, December 12th. Bank of America reaffirmed an “underperform” rating and set a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a research report on Friday, December 5th. Stephens assumed coverage on Kosmos Energy in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $1.75 price objective for the company. Finally, Johnson Rice cut shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the company from $4.50 to $3.50 in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Kosmos Energy presently has a consensus rating of “Hold” and an average price target of $2.08.

About Kosmos Energy

Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.

The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.