Kosmos Energy Ltd. (KOS) Shares Sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board lowered its stake in Kosmos Energy Ltd. (NYSE:KOS) by 63.0% during the first quarter, Holdings Channel reports. The institutional investor owned 31,252 shares of the oil and gas producer’s stock after selling 53,224 shares during the period. State of Wisconsin Investment Board’s holdings in Kosmos Energy were worth $208,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank purchased a new stake in shares of Kosmos Energy during the fourth quarter valued at about $105,000. Raymond James Financial Services Advisors Inc. acquired a new position in Kosmos Energy during the fourth quarter valued at approximately $189,000. Trexquant Investment LP increased its position in Kosmos Energy by 28.5% in the fourth quarter. Trexquant Investment LP now owns 27,493 shares of the oil and gas producer’s stock valued at $193,000 after buying an additional 6,093 shares during the last quarter. Ellington Management Group LLC acquired a new position in Kosmos Energy during the fourth quarter valued at approximately $290,000. Finally, Eqis Capital Management Inc. increased its position in Kosmos Energy by 70.7% in the first quarter. Eqis Capital Management Inc. now owns 44,985 shares of the oil and gas producer’s stock valued at $300,000 after buying an additional 18,625 shares during the last quarter.

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

Shares of Kosmos Energy Ltd. (NYSE:KOS) opened at 5.92 on Tuesday. The company’s 50-day moving average price is $6.48 and its 200-day moving average price is $6.30. The firm’s market capitalization is $2.29 billion. Kosmos Energy Ltd. has a 52-week low of $4.39 and a 52-week high of $7.90.

Kosmos Energy (NYSE:KOS) last issued its earnings results on Monday, May 8th. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. Kosmos Energy had a negative net margin of 53.37% and a negative return on equity of 11.56%. The company had revenue of $152 million for the quarter, compared to analysts’ expectations of $173.10 million. During the same period in the prior year, the firm earned ($0.04) EPS. Kosmos Energy’s quarterly revenue was up 144.8% compared to the same quarter last year. On average, equities research analysts expect that Kosmos Energy Ltd. will post ($0.18) EPS for the current fiscal year.

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KOS has been the topic of several analyst reports. Zacks Investment Research raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 24th. Citigroup Inc. lowered their price target on Kosmos Energy from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Scotiabank set a $7.00 price target on Kosmos Energy and gave the company a “hold” rating in a research report on Monday, March 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $10.00 price target on shares of Kosmos Energy in a research report on Friday, April 21st. Finally, Jefferies Group LLC raised their price target on Kosmos Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Kosmos Energy presently has a consensus rating of “Buy” and a consensus target price of $8.75.

In related news, major shareholder Iv Gp L.L.C. Bcp sold 30,000,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $7.15, for a total value of $214,500,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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