State of New Jersey Common Pension Fund D Grows Position in Kosmos Energy Ltd. (NYSE:KOS)

State of New Jersey Common Pension Fund D increased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 369,647 shares of the oil and gas producer’s stock after acquiring an additional 28,803 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kosmos Energy were worth $2,480,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oslo Asset Management AS increased its holdings in shares of Kosmos Energy by 54.5% in the fourth quarter. Oslo Asset Management AS now owns 1,700,000 shares of the oil and gas producer’s stock valued at $11,407,000 after purchasing an additional 600,000 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Kosmos Energy by 189.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 106,131 shares of the oil and gas producer’s stock valued at $712,000 after purchasing an additional 69,473 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kosmos Energy by 9.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 20,964,316 shares of the oil and gas producer’s stock worth $171,488,000 after buying an additional 1,845,273 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Kosmos Energy by 31.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 3,800,000 shares of the oil and gas producer’s stock worth $31,084,000 after buying an additional 900,000 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at approximately $25,820,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Price Performance

KOS opened at $5.59 on Thursday. The stock’s 50-day moving average price is $5.89 and its 200 day moving average price is $6.36. Kosmos Energy Ltd. has a 12-month low of $5.23 and a 12-month high of $8.28. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.73 and a beta of 2.37. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 2.32.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, February 26th. The oil and gas producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. Kosmos Energy had a net margin of 12.55% and a return on equity of 39.94%. The business had revenue of $507.81 million during the quarter. During the same period in the previous year, the business posted $0.23 EPS. As a group, sell-side analysts expect that Kosmos Energy Ltd. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KOS. TheStreet cut Kosmos Energy from a “b” rating to a “c+” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.63.

About Kosmos Energy

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.