State Street Corp Trims Holdings in Kosmos Energy Ltd. (NYSE:KOS)

State Street Corp reduced its stake in Kosmos Energy Ltd. (NYSE:KOS) by 6.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,623,335 shares of the oil and gas producer’s stock after selling 1,214,636 shares during the quarter. State Street Corp’s holdings in Kosmos Energy were worth $75,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Kosmos Energy during the 2nd quarter valued at about $26,000. CWM LLC boosted its holdings in 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kosmos Energy in the 3rd quarter valued at approximately $28,000. Signaturefd LLC increased its holdings 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 worth $43,000 after buying an additional 10,740 shares during the last quarter. Finally, InTrack Investment Management Inc purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at approximately $44,000. 95.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KOS has been the subject of several analyst reports. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Sanford C. Bernstein lowered their price target on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Bank of America reduced their price objective on shares of Kosmos Energy from $8.15 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Benchmark decreased their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.50.

Kosmos Energy Trading Up 18.8 %

KOS opened at $3.22 on Wednesday. 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 firm has a market cap of $1.52 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.48 and a beta of 2.41. Kosmos Energy Ltd. has a 52 week low of $2.62 and a 52 week high of $7.07. The business has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $4.61.

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.