Jump Financial LLC bought a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 267,451 shares of the oil and gas producer’s stock, valued at approximately $925,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Kosmos Energy by 81.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,151,470 shares of the oil and gas producer’s stock worth $18,885,000 after purchasing an additional 2,769,566 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Kosmos Energy by 9.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 21,007,146 shares of the oil and gas producer’s stock worth $72,685,000 after purchasing an additional 1,736,846 shares during the period. Vanguard Group Inc. increased its holdings in Kosmos Energy by 14.9% during the 2nd quarter. Vanguard Group Inc. now owns 11,816,827 shares of the oil and gas producer’s stock worth $40,886,000 after purchasing an additional 1,534,465 shares during the period. Rafferty Asset Management LLC purchased a new stake in Kosmos Energy during the 2nd quarter worth about $3,010,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Kosmos Energy during the 1st quarter worth about $2,567,000. 79.46% of the stock is currently owned by hedge funds and other institutional investors.
Kosmos Energy stock opened at $3.26 on Thursday. Kosmos Energy Ltd. has a twelve month low of $0.97 and a twelve month high of $3.95. The stock has a 50 day moving average of $2.50 and a two-hundred day moving average of $2.80. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 7.24. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.58 and a beta of 3.78.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Kosmos Energy from a “sell” rating to a “hold” rating and set a $3.50 price objective on the stock in a report on Tuesday. Sanford C. Bernstein upgraded Kosmos Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $3.70 to $7.80 in a report on Monday, June 21st. Finally, Barclays increased their price objective on Kosmos Energy from $2.40 to $3.95 and gave the company an “equal weight” rating in a report on Friday, October 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $4.20.
About Kosmos Energy
Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firms assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.
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