Equinox Partners Investment Management LLC Purchases 1,208,053 Shares of Kosmos Energy Ltd. $KOS

Equinox Partners Investment Management LLC increased its position in shares of Kosmos Energy Ltd. (NYSE:KOS) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,678,033 shares of the oil and gas producer’s stock after purchasing an additional 1,208,053 shares during the quarter. Kosmos Energy makes up approximately 23.4% of Equinox Partners Investment Management LLC’s holdings, making the stock its biggest holding. Equinox Partners Investment Management LLC’s holdings in Kosmos Energy were worth $57,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Kosmos Energy by 41.0% in the third 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 in the last quarter. Orion Porfolio Solutions LLC grew its position in Kosmos Energy by 18.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 57,782 shares of the oil and gas producer’s stock worth $99,000 after acquiring an additional 9,159 shares during the last quarter. SmartHarvest Portfolios LLC increased its holdings in Kosmos Energy by 73.0% during the 1st quarter. SmartHarvest Portfolios LLC now owns 23,814 shares of the oil and gas producer’s stock valued at $66,000 after purchasing an additional 10,050 shares in the last quarter. Equitable Holdings Inc. increased its holdings in Kosmos Energy by 30.3% during the 4th quarter. Equitable Holdings Inc. now owns 45,539 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 10,598 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Kosmos Energy by 35.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 42,577 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 11,209 shares during the last quarter. 95.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Steven Sterin sold 38,636 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $2.73, for a total value of $105,476.28. Following the completion of the sale, the director owned 331,295 shares in the company, valued at approximately $904,435.35. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Roy A. Franklin sold 43,466 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $2.73, for a total value of $118,662.18. Following the completion of the transaction, the director directly owned 150,722 shares in the company, valued at $411,471.06. The trade was 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 sold a total of 125,568 shares of company stock valued at $342,801 over the last three months. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOS. Wall Street Zen upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Mizuho restated an “underperform” rating and issued a $3.00 price objective (up from $2.00) on shares of Kosmos Energy in a research report on Wednesday, May 27th. Weiss Ratings downgraded shares of Kosmos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada cut shares of Kosmos Energy to a “neutral” rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group lowered shares of Kosmos Energy from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Kosmos Energy presently has an average rating of “Reduce” and an average target price of $2.44.

Kosmos Energy Stock Up 1.4%

Shares of NYSE:KOS opened at $2.11 on Wednesday. The company has a debt-to-equity ratio of 5.56, a current ratio of 0.60 and a quick ratio of 0.36. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -1.26, a P/E/G ratio of 0.24 and a beta of 0.68. The company has a 50 day moving average of $2.78 and a 200-day moving average of $2.16. Kosmos Energy Ltd. has a one year low of $0.84 and a one year high of $3.34.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). Kosmos Energy had a negative net margin of 59.38% and a negative return on equity of 37.60%. The business had revenue of $370.73 million during the quarter, compared to analyst estimates of $405.21 million. On average, sell-side analysts forecast that Kosmos Energy Ltd. will post 0.29 earnings per share for the current year.

About Kosmos Energy

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.