Kosmos Energy Ltd. (NYSE:KOS) Shares Acquired by Synovus Financial Corp

Synovus Financial Corp lifted its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 427.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,677 shares of the oil and gas producer’s stock after purchasing an additional 97,793 shares during the period. Synovus Financial Corp’s holdings in Kosmos Energy were worth $413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. VSM Wealth Advisory LLC acquired a new position in Kosmos Energy in the 4th quarter valued at $34,000. Disciplined Investors L.L.C. acquired a new stake in shares of Kosmos Energy in the fourth quarter valued at about $36,000. Sapient Capital LLC purchased a new position in shares of Kosmos Energy in the fourth quarter worth about $37,000. Ballentine Partners LLC acquired a new position in Kosmos Energy during the fourth quarter worth about $58,000. Finally, RPO LLC acquired a new position in Kosmos Energy during the fourth quarter worth about $59,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Analyst Upgrades and Downgrades

KOS has been the topic of a number of research reports. Benchmark lowered shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. StockNews.com lowered Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group cut their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.27.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, CAO Ronald W. Glass sold 16,182 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the sale, the chief accounting officer now directly owns 320,231 shares in the company, valued at $999,120.72. This represents a 4.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the completion of the transaction, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,970 shares of company stock valued at $1,572,386 in the last three months. 2.02% of the stock is owned by corporate insiders.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.80 on Friday. Kosmos Energy Ltd. has a one year low of $1.39 and a one year high of $6.33. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. The firm’s 50 day moving average price is $2.34 and its 200-day moving average price is $3.23. The firm has a market cap of $861.18 million, a P/E ratio of 4.10, a P/E/G ratio of 5.24 and a beta of 1.94.

Kosmos Energy (NYSE:KOS) last released its quarterly earnings results on Monday, February 24th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $397.66 million for the quarter, compared to analysts’ expectations of $387.60 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. As a group, equities research analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

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.