Principal Financial Group Inc. Reduces Stock Position in Kosmos Energy Ltd. (NYSE:KOS)

Principal Financial Group Inc. decreased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 31.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 43,491 shares of the oil and gas producer’s stock after selling 19,714 shares during the period. Principal Financial Group Inc.’s holdings in Kosmos Energy were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Kosmos Energy in the second quarter worth approximately $26,000. CWM LLC boosted its holdings in shares of Kosmos Energy by 82.2% in the 2nd quarter. CWM LLC now owns 6,579 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 2,969 shares during the last quarter. Signaturefd LLC grew its stake in shares of Kosmos Energy by 39,777.8% during the 3rd quarter. Signaturefd LLC now owns 10,767 shares of the oil and gas producer’s stock valued at $43,000 after buying an additional 10,740 shares during the period. InTrack Investment Management Inc purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at $44,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Kosmos Energy during the 2nd quarter worth $61,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Benchmark lowered their price target on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Bank of America decreased their target price on Kosmos Energy from $8.15 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Monday. Mizuho began coverage on shares of Kosmos Energy in a research note on Thursday, September 19th. They set a “neutral” rating and a $5.00 price objective for the company. Finally, Sanford C. Bernstein reduced their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.75.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $3.95 on Tuesday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.52 and a beta of 2.42. The company’s 50-day simple moving average is $4.07 and its 200-day simple moving average is $4.88. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a one year low of $3.49 and a one year high of $7.07.

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.