GSA Capital Partners LLP Takes Position in Kosmos Energy Ltd (KOS)
GSA Capital Partners LLP acquired a new stake in Kosmos Energy Ltd (NYSE:KOS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 111,640 shares of the oil and gas producer’s stock, valued at approximately $454,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of KOS. Raymond James Trust N.A. acquired a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $41,000. Intrust Bank NA acquired a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $41,000. AlphaCrest Capital Management LLC acquired a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $55,000. CWM Advisors LLC increased its holdings in shares of Kosmos Energy by 88.5% in the fourth quarter. CWM Advisors LLC now owns 22,151 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 10,398 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Kosmos Energy by 258.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 25,100 shares of the oil and gas producer’s stock valued at $102,000 after purchasing an additional 18,100 shares during the period. Institutional investors own 82.27% of the company’s stock.
Shares of KOS stock opened at $5.93 on Friday. Kosmos Energy Ltd has a 1-year low of $3.53 and a 1-year high of $9.75. The firm has a market cap of $2.38 billion, a P/E ratio of -12.62 and a beta of 2.21. The company has a current ratio of 1.33, a quick ratio of 1.11 and a debt-to-equity ratio of 2.25.
The firm also recently disclosed an annual dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a dividend of $0.045 per share. This represents a yield of 0.71%. The ex-dividend date is Wednesday, March 6th. Kosmos Energy’s dividend payout ratio is presently -38.30%.
A number of research analysts have recently issued reports on the company. Barclays reissued a “buy” rating and issued a $10.00 target price on shares of Kosmos Energy in a report on Wednesday, March 6th. ValuEngine raised Kosmos Energy from a “hold” rating to a “buy” rating in a report on Friday, March 1st. TheStreet raised Kosmos Energy from a “d” rating to a “c-” rating in a report on Tuesday, February 26th. Societe Generale set a $8.00 price objective on Kosmos Energy and gave the stock a “buy” rating in a report on Tuesday, February 26th. Finally, Berenberg Bank set a $12.00 price objective on Kosmos Energy and gave the stock a “buy” rating in a report on Tuesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Kosmos Energy has a consensus rating of “Buy” and a consensus price target of $9.59.
In other Kosmos Energy news, Director Pincus & Co. Warburg sold 81,504,790 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $6.51, for a total value of $530,596,182.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Iv Gp L.L.C. Bcp sold 22,500,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $6.51, for a total value of $146,475,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.76% of the company’s stock.
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Kosmos Energy Company Profile
Kosmos Energy Ltd. explores for and produces oil and gas in Africa and South America. Its asset portfolio includes production and other development projects in offshore Ghana and Equatorial Guinea; and exploration potential in offshore Mauritania and Senegal, as well as exploration licenses in offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname.
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