PNC Financial Services Group Inc. raised its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 93.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,566 shares of the oil and gas producer’s stock after acquiring an additional 27,759 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Kosmos Energy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Kosmos Energy by 50.1% during the 1st quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 1,467 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Kosmos Energy during the 1st quarter worth $45,000. Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy during the 2nd quarter worth $60,000. Envestnet Asset Management Inc. purchased a new position in shares of Kosmos Energy during the 2nd quarter worth $65,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Kosmos Energy during the 2nd quarter worth $76,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Andrew G. Inglis sold 166,524 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $1,004,139.72. Following the sale, the chief executive officer now directly owns 3,909,135 shares in the company, valued at approximately $23,572,084.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Andrew G. Inglis sold 166,524 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.03, for a total value of $1,004,139.72. Following the sale, the chief executive officer now directly owns 3,909,135 shares in the company, valued at approximately $23,572,084.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Ronald W. Glass sold 17,525 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.03, for a total transaction of $105,675.75. Following the completion of the sale, the chief accounting officer now owns 290,855 shares in the company, valued at $1,753,855.65. The disclosure for this sale can be found here. Insiders have sold a total of 335,337 shares of company stock worth $2,022,082 in the last 90 days. 1.79% of the stock is currently owned by corporate insiders.
Kosmos Energy Stock Up 1.6 %
Shares of KOS stock opened at $6.14 on Friday. The stock has a market cap of $2.89 billion, a P/E ratio of 13.94, a PEG ratio of 0.50 and a beta of 2.43. Kosmos Energy Ltd. has a 52 week low of $5.28 and a 52 week high of $8.28. The company has a quick ratio of 0.54, a current ratio of 0.76 and a debt-to-equity ratio of 2.32. The company’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $6.83.
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $507.81 million for the quarter. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts predict that Kosmos Energy Ltd. will post 0.88 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KOS. StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday. Stifel Nicolaus began coverage on shares of Kosmos Energy in a research note on Monday, November 20th. They set a “buy” rating and a $10.00 target price on the stock. Finally, TheStreet cut shares of Kosmos Energy from a “b” rating to a “c+” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.53.
Read Our Latest Stock Analysis on Kosmos Energy
Kosmos Energy Company Profile
Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.
See Also
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Source: americanbankingnews.com
