Wells Fargo & Company MN Sells 69,137 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Wells Fargo & Company MN lessened its stake in shares of Kosmos Energy Ltd. (NYSE:KOS) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,412,368 shares of the oil and gas producer’s stock after selling 69,137 shares during the quarter. Wells Fargo & Company MN owned 0.51% of Kosmos Energy worth $8,250,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smith Moore & CO. boosted its position in Kosmos Energy by 52.2% in the 4th quarter. Smith Moore & CO. now owns 29,144 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 9,999 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth approximately $92,000. Huber Capital Management LLC acquired a new position in shares of Kosmos Energy during the 4th quarter worth about $735,000. RPO LLC bought a new position in shares of Kosmos Energy during the 4th quarter worth approximately $59,000. Finally, Disciplined Investors L.L.C. bought a new position in shares of Kosmos Energy in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Performance

Shares of KOS stock opened at $1.80 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The company 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 Ltd. has a one year low of $1.39 and a one year high of $6.33. The firm has a 50-day moving average of $2.34 and a 200-day moving average of $3.23.

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

Insiders Place Their Bets

In related news, CAO Ronald W. Glass sold 16,182 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total transaction of $50,487.84. Following the completion of the sale, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Josh R. Marion sold 16,144 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were 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 in the company, valued at approximately $536,817.84. The trade was a 8.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 503,970 shares of company stock valued at $1,572,386. Insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KOS shares. StockNews.com downgraded Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Benchmark lowered Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group dropped their price target on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Kosmos Energy currently has a consensus rating of “Hold” and an average target price of $5.27.

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.