Northern Trust Corp Acquires 203,637 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Northern Trust Corp raised its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 4,546,557 shares of the oil and gas producer’s stock after buying an additional 203,637 shares during the period. Northern Trust Corp’s holdings in Kosmos Energy were worth $15,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Kosmos Energy by 22.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 32,627,567 shares of the oil and gas producer’s stock valued at $111,586,000 after purchasing an additional 5,906,210 shares during the last quarter. American Century Companies Inc. increased its position in Kosmos Energy by 11.3% during the 4th quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock valued at $101,083,000 after purchasing an additional 2,997,438 shares during the period. William Blair Investment Management LLC increased its position in Kosmos Energy by 28.1% during the 4th quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares during the period. Equinox Partners Investment Management LLC increased its position in Kosmos Energy by 39.2% during the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock valued at $39,063,000 after purchasing an additional 3,218,394 shares during the period. Finally, Invesco Ltd. increased its position in Kosmos Energy by 1.2% during the 4th quarter. Invesco Ltd. now owns 7,771,597 shares of the oil and gas producer’s stock valued at $26,579,000 after purchasing an additional 89,356 shares during the period. Institutional investors own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KOS. StockNews.com cut shares of Kosmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Benchmark downgraded Kosmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. The Goldman Sachs Group reduced their target price on Kosmos Energy from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho reduced their price target on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.02.

Kosmos Energy Price Performance

Shares of KOS opened at $1.98 on Thursday. The stock has a market cap of $944.07 million, a PE ratio of 4.49, a price-to-earnings-growth ratio of 5.24 and a beta of 1.46. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.47 and a current ratio of 0.75. Kosmos Energy Ltd. has a fifty-two week low of $1.39 and a fifty-two week high of $6.33. The firm’s 50-day simple moving average is $1.91 and its two-hundred day simple moving average is $2.89.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas producer reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $290.43 million during the quarter, compared to analysts’ expectations of $338.23 million. Kosmos Energy had a return on equity of 31.08% and a net margin of 12.21%. Analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

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.