Inspire Investing LLC Reduces Stock Position in Kosmos Energy Ltd. $KOS

Inspire Investing LLC cut its holdings in Kosmos Energy Ltd. (NYSE:KOS) by 65.0% during the first quarter, Holdings Channel reports. The institutional investor owned 183,420 shares of the oil and gas producer’s stock after selling 340,513 shares during the period. Inspire Investing LLC’s holdings in Kosmos Energy were worth $510,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Kosmos Energy by 41.0% in the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after acquiring an additional 7,169 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Kosmos Energy by 18.8% during the second quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 9,159 shares during the last quarter. SmartHarvest Portfolios LLC boosted its holdings in Kosmos Energy by 73.0% in the first quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 10,050 shares in the last quarter. Equitable Holdings Inc. increased its stake in Kosmos Energy by 30.3% in the fourth quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 10,598 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Kosmos Energy by 35.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 11,209 shares during the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on KOS shares. Wall Street Zen upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Johnson Rice raised shares of Kosmos Energy from an “accumulate” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, March 25th. Mizuho reiterated an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research note on Wednesday, May 27th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada downgraded shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $2.44.

Insider Activity at Kosmos Energy

In other Kosmos Energy news, Director Roy A. Franklin sold 43,466 shares of Kosmos Energy stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director directly owned 150,722 shares in the company, valued at approximately $411,471.06. The trade was a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Douglas Kelso Grant sold 43,466 shares of Kosmos Energy stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director owned 82,311 shares in the company, valued at approximately $224,709.03. This represents a 34.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 125,568 shares of company stock worth $342,801 in the last 90 days. 1.90% of the stock is owned by insiders.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.06 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 5.56. Kosmos Energy Ltd. has a twelve month low of $0.84 and a twelve month high of $3.34. The stock has a 50 day moving average of $2.75 and a two-hundred day moving average of $2.18. The stock has a market cap of $1.22 billion, a P/E ratio of -1.23, a P/E/G ratio of 0.24 and a beta of 0.71.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The business had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%. On average, research analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.

Kosmos Energy Company Profile

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.