Dalton Investments Inc. acquired a new stake in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 500,000 shares of the oil and gas producer’s stock, valued at approximately $454,000. Kosmos Energy accounts for approximately 0.3% of Dalton Investments Inc.’s holdings, making the stock its 17th largest holding.
Other institutional investors also recently made changes to their positions in the company. Old Port Advisors purchased a new stake in shares of Kosmos Energy during the 4th quarter valued at $27,000. Parallel Advisors LLC grew its stake in shares of Kosmos Energy by 41.0% during the 3rd quarter. Parallel Advisors LLC now owns 24,634 shares of the oil and gas producer’s stock valued at $41,000 after buying an additional 7,169 shares during the period. Caprock Group LLC purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at $53,000. Equitable Holdings Inc. purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at $58,000. Finally, Voleon Capital Management LP purchased a new stake in shares of Kosmos Energy during the 2nd quarter valued at $62,000. 95.33% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Kosmos Energy news, Director John Douglas Kelso Grant sold 43,466 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the transaction, the director owned 82,311 shares in the company, valued at $224,709.03. The trade was a 34.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Roy A. Franklin sold 43,466 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $2.73, for a total transaction of $118,662.18. Following the completion of the transaction, the director owned 150,722 shares in the company, valued at $411,471.06. This represents a 22.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 125,568 shares of company stock worth $342,801 in the last quarter. 1.90% of the stock is owned by corporate insiders.
Kosmos Energy Stock Down 3.0%
Kosmos Energy (NYSE:KOS – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Kosmos Energy had a negative return on equity of 37.60% and a negative net margin of 59.38%.The business had revenue of $370.73 million for the quarter, compared to analysts’ expectations of $405.21 million. Equities research analysts forecast that Kosmos Energy Ltd. will post 0.24 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on KOS. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings cut shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group cut shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research report on Thursday, April 9th. Finally, Mizuho reaffirmed an “underperform” rating and set a $3.00 price target (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $2.44.
Read Our Latest Stock Report on Kosmos Energy
Kosmos Energy Profile
Kosmos Energy Ltd. is an independent oil and gas exploration and production company headquartered in Dallas, Texas. Since its founding in 2003, the company has focused on identifying and developing hydrocarbon reserves in frontier and emerging basins around the world. Kosmos combines geological and geophysical expertise with a disciplined approach to acreage acquisition and partner selection to pursue high‐impact offshore exploration opportunities.
The company’s portfolio is anchored by assets in West Africa and the Gulf of Mexico.
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