Bank of New York Mellon Corp reduced its stake in Kosmos Energy Ltd (NYSE:KOS) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,329 shares of the oil and gas producer’s stock after selling 34,220 shares during the period. Bank of New York Mellon Corp owned 0.25% of Kosmos Energy worth $8,280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Swiss National Bank grew its stake in Kosmos Energy by 2.2% in the 1st quarter. Swiss National Bank now owns 406,600 shares of the oil and gas producer’s stock worth $2,562,000 after acquiring an additional 8,800 shares in the last quarter. Rhumbline Advisers grew its stake in Kosmos Energy by 6.2% in the 2nd quarter. Rhumbline Advisers now owns 204,522 shares of the oil and gas producer’s stock worth $1,691,000 after acquiring an additional 12,022 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Kosmos Energy by 70.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,992 shares of the oil and gas producer’s stock worth $256,000 after acquiring an additional 12,842 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Kosmos Energy by 377.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,076 shares of the oil and gas producer’s stock worth $138,000 after acquiring an additional 17,454 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in Kosmos Energy in the 1st quarter worth about $113,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

In related news, Director David Benjamin Krieger sold 5,684,429 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $50,818,795.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Iv Gp L.L.C. Bcp sold 3,295,571 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $8.94, for a total transaction of $29,462,404.74. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.

Shares of KOS opened at $9.31 on Friday. Kosmos Energy Ltd has a fifty-two week low of $5.15 and a fifty-two week high of $9.73. The company has a market capitalization of $3.84 billion, a PE ratio of -28.21 and a beta of 1.61. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.96 and a quick ratio of 0.79.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings results on Monday, August 6th. The oil and gas producer reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Kosmos Energy had a negative return on equity of 15.21% and a negative net margin of 49.78%. The business had revenue of $215.47 million during the quarter, compared to analysts’ expectations of $215.07 million. During the same period in the previous year, the company posted ($0.02) EPS. Kosmos Energy’s revenue for the quarter was up 47.1% on a year-over-year basis. equities analysts expect that Kosmos Energy Ltd will post -0.05 EPS for the current year.

A number of equities analysts have commented on the stock. Raymond James downgraded shares of Kosmos Energy from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. ValuEngine cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Barclays set a $11.00 price target on shares of Kosmos Energy and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, Royal Bank of Canada raised shares of Kosmos Energy from a “sector perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Thursday, July 5th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Kosmos Energy presently has a consensus rating of “Buy” and an average target price of $9.83.

Kosmos Energy 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.

See Also: Return on Equity (ROE)

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

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