Grantham Mayo Van Otterloo & Co. LLC Has $57.74 Million Stake in Kosmos Energy Ltd. $KOS

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 34,780,967 shares of the oil and gas producer’s stock after selling 2,039,300 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.07% of Kosmos Energy worth $57,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Equinox Partners Investment Management LLC grew its stake in shares of Kosmos Energy by 41.6% during the second quarter. Equinox Partners Investment Management LLC now owns 18,671,480 shares of the oil and gas producer’s stock valued at $32,115,000 after purchasing an additional 5,485,000 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in Kosmos Energy by 333.0% during the 2nd quarter. Squarepoint Ops LLC now owns 3,221,011 shares of the oil and gas producer’s stock worth $5,540,000 after buying an additional 2,477,102 shares in the last quarter. Raiffeisen Bank International AG boosted its position in Kosmos Energy by 100.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 1,000,000 shares of the oil and gas producer’s stock valued at $1,860,000 after buying an additional 500,000 shares during the last quarter. Patient Capital Management LLC increased its stake in shares of Kosmos Energy by 7.4% in the 2nd quarter. Patient Capital Management LLC now owns 19,339,717 shares of the oil and gas producer’s stock valued at $33,264,000 after buying an additional 1,334,930 shares during the period. Finally, M&G PLC raised its position in shares of Kosmos Energy by 38.3% during the third quarter. M&G PLC now owns 7,978,144 shares of the oil and gas producer’s stock worth $13,244,000 after acquiring an additional 2,210,302 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew G. Inglis sold 44,628 shares of the 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 sale, the chief executive officer directly owned 4,227,017 shares in the company, valued at $6,002,364.14. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Ronald W. Glass sold 19,285 shares of Kosmos Energy 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 $26,420.45. Following the transaction, the chief accounting officer directly owned 342,945 shares in the company, valued at $469,834.65. The trade was a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 272,844 shares of company stock valued at $377,592. Insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KOS shares. Bank of America reiterated an “underperform” rating and issued a $1.00 price target (down from $3.40) on shares of Kosmos Energy in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kosmos Energy in a report on Monday, December 29th. Sanford C. Bernstein reduced their target price on shares of Kosmos Energy from $1.70 to $0.80 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Stephens initiated coverage on shares of Kosmos Energy in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $1.75 price target for the company. Finally, Johnson Rice downgraded shares of Kosmos Energy from a “buy” rating to an “accumulate” rating and dropped their price target for the stock from $4.50 to $3.50 in a research note on Friday, December 5th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.08.

Kosmos Energy Stock Up 1.6%

NYSE:KOS opened at $2.57 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.75 and a debt-to-equity ratio of 5.53. Kosmos Energy Ltd. has a 12-month low of $0.84 and a 12-month high of $2.70. The stock’s fifty day simple moving average is $1.54 and its 200-day simple moving average is $1.49. The firm has a market capitalization of $1.24 billion, a P/E ratio of -1.76 and a beta of 0.76.

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