Kosmos Energy Ltd. (NYSE:KOS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its stake in Kosmos Energy Ltd. (NYSE:KOS) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,319,503 shares of the oil and gas producer’s stock after selling 23,660 shares during the period. Harbor Capital Advisors Inc. owned about 0.28% of Kosmos Energy worth $3,008,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KOS. VSM Wealth Advisory LLC purchased a new stake in Kosmos Energy in the fourth quarter valued at approximately $34,000. Disciplined Investors L.L.C. acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at $36,000. Sapient Capital LLC acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at $37,000. Boothbay Fund Management LLC purchased a new stake in shares of Kosmos Energy in the 4th quarter valued at $45,000. Finally, RPO LLC acquired a new position in Kosmos Energy during the 4th quarter worth about $59,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock opened at $2.15 on Thursday. The business has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $2.61. 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 $1.39 and a one year high of $5.97. The company has a market cap of $1.03 billion, a PE ratio of 4.88, a P/E/G ratio of 5.24 and a beta of 1.44.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. The firm had revenue of $290.43 million during the quarter, compared to analysts’ expectations of $338.23 million. On average, equities research analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

KOS has been the subject of several research reports. Mizuho dropped their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Kosmos Energy to a “sell” rating in a report on Friday, May 16th. The Goldman Sachs Group cut their target price on shares of Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Finally, Benchmark reissued a “hold” rating on shares of Kosmos Energy in a research report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.93.

Insider Activity

In other news, Director John Douglas Kelso Grant sold 27,923 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the transaction, the director now owns 29,921 shares in the company, valued at approximately $54,157.01. This represents a 48.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.99% of the company’s stock.

Kosmos Energy 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.