Victory Capital Management Inc. Purchases 20,235 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Victory Capital Management Inc. increased its position in Kosmos Energy Ltd. (NYSE:KOS) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,444 shares of the oil and gas producer’s stock after buying an additional 20,235 shares during the period. Victory Capital Management Inc.’s holdings in Kosmos Energy were worth $473,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KOS. Caprock Group LLC bought a new position in Kosmos Energy in the 3rd quarter worth $48,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Kosmos Energy by 9.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,585,787 shares of the oil and gas producer’s stock worth $14,451,000 after purchasing an additional 314,293 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Kosmos Energy in the 3rd quarter worth $544,000. Charles Schwab Investment Management Inc. lifted its stake in Kosmos Energy by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,121,694 shares of the oil and gas producer’s stock worth $24,670,000 after purchasing an additional 430,053 shares in the last quarter. Finally, Bridgewater Associates LP lifted its stake in Kosmos Energy by 149.7% in the 3rd quarter. Bridgewater Associates LP now owns 3,280,302 shares of the oil and gas producer’s stock worth $13,220,000 after purchasing an additional 1,966,437 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Stock Down 1.9 %

Shares of NYSE KOS opened at $2.27 on Friday. The firm’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.54. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 5.24 and a beta of 2.31. Kosmos Energy Ltd. has a 12-month low of $2.07 and a 12-month high of $6.58.

Kosmos Energy (NYSE:KOS) last announced its earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. On average, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the sale, the chief executive officer now directly owns 3,959,000 shares of the company’s stock, valued at $12,352,080. This represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Josh R. Marion sold 16,144 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the sale, the senior vice president now directly owns 172,057 shares in the company, valued at $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 503,970 shares of company stock valued at $1,572,386 in the last ninety days. 2.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a research note on Wednesday, December 18th. Mizuho decreased their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.52.

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.