Van ECK Associates Corp Buys Shares of 158,219 Kosmos Energy Ltd (KOS)

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Van ECK Associates Corp bought a new stake in Kosmos Energy Ltd (NYSE:KOS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 158,219 shares of the oil and gas producer’s stock, valued at approximately $644,000.

Several other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in Kosmos Energy by 2,638.8% in the 3rd quarter. FMR LLC now owns 23,460,244 shares of the oil and gas producer’s stock valued at $219,354,000 after acquiring an additional 22,603,644 shares during the period. Capital World Investors bought a new position in Kosmos Energy in the 3rd quarter valued at about $208,942,000. Vaughan Nelson Investment Management L.P. raised its holdings in Kosmos Energy by 19.9% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 21,161,245 shares of the oil and gas producer’s stock valued at $86,126,000 after acquiring an additional 3,506,030 shares during the period. BlackRock Inc. raised its holdings in Kosmos Energy by 31.7% in the 4th quarter. BlackRock Inc. now owns 18,806,655 shares of the oil and gas producer’s stock valued at $76,544,000 after acquiring an additional 4,528,398 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Kosmos Energy by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,828,698 shares of the oil and gas producer’s stock valued at $101,247,000 after acquiring an additional 107,209 shares during the period. 82.27% of the stock is currently owned by institutional investors.

Shares of NYSE:KOS traded up $0.03 on Friday, reaching $6.18. 48,030 shares of the company’s stock were exchanged, compared to its average volume of 4,093,586. Kosmos Energy Ltd has a twelve month low of $3.53 and a twelve month high of $9.75. The firm has a market cap of $2.47 billion, a PE ratio of -13.16 and a beta of 2.21. The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 2.25.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 25th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.20). Kosmos Energy had a negative return on equity of 21.82% and a negative net margin of 10.42%. The business had revenue of $309.50 million for the quarter, compared to analyst estimates of $332.55 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The business’s revenue for the quarter was up 65.4% on a year-over-year basis. On average, research analysts expect that Kosmos Energy Ltd will post -0.01 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a dividend yield of 0.71%. Kosmos Energy’s payout ratio is presently -38.30%.

Several research firms have weighed in on KOS. ValuEngine raised shares of Kosmos Energy from a “hold” rating to a “buy” rating in a report on Friday, March 1st. TheStreet raised shares of Kosmos Energy from a “d” rating to a “c-” rating in a report on Tuesday, February 26th. Societe Generale set a $8.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research lowered shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 9th. Finally, Barclays restated a “buy” rating and set a $10.00 target price on shares of Kosmos Energy in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Kosmos Energy has an average rating of “Buy” and a consensus price target of $9.59.

In related news, major shareholder Iv Gp L.L.C. Bcp sold 22,500,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $6.51, for a total transaction of $146,475,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pincus & Co. Warburg sold 81,504,790 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $6.51, for a total transaction of $530,596,182.90. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.

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Kosmos Energy Profile

Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.

Further Reading: QQQ ETF

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

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