Great Lakes Advisors LLC Sells 37,675 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Great Lakes Advisors LLC lowered its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 49.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,253 shares of the oil and gas producer’s stock after selling 37,675 shares during the quarter. Great Lakes Advisors LLC’s holdings in Kosmos Energy were worth $134,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kosmos Energy by 11.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,702,339 shares of the oil and gas producer’s stock valued at $6,860,000 after purchasing an additional 172,966 shares in the last quarter. Equinox Partners Investment Management LLC boosted its holdings in Kosmos Energy by 39.2% in the fourth quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after acquiring an additional 3,218,394 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Kosmos Energy by 33.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock worth $1,836,000 after acquiring an additional 133,704 shares in the last quarter. Barclays PLC boosted its holdings in Kosmos Energy by 46.5% in the third quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock worth $12,221,000 after acquiring an additional 962,057 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Kosmos Energy by 8.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 21,141,815 shares of the oil and gas producer’s stock worth $85,202,000 after acquiring an additional 1,588,990 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Trading Up 1.6 %

Shares of NYSE:KOS opened at $2.27 on Tuesday. Kosmos Energy Ltd. has a 52-week low of $2.07 and a 52-week high of $6.58. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 5.24 and a beta of 2.31. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The business has a 50-day moving average price of $3.07 and a 200-day moving average price of $3.60.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. Equities analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KOS. Jefferies Financial Group reissued a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a report on Wednesday, December 18th. Mizuho lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.52.

Insider Activity at Kosmos Energy

In related news, SVP Josh R. Marion sold 16,144 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now directly owns 172,057 shares in the company, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $50,487.84. Following the transaction, the chief accounting officer now owns 320,231 shares of the company’s stock, valued at approximately $999,120.72. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 503,970 shares of company stock worth $1,572,386. 2.02% of the stock is owned by corporate insiders.

Kosmos Energy Company Profile

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.