Kosmos Energy Ltd. (NYSE:KOS) CEO Sells $432,709.68 in Stock

Kosmos Energy Ltd. (NYSE:KOS) CEO Andrew G. Inglis sold 138,689 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total value of $432,709.68. Following the completion of the sale, the chief executive officer now directly owns 3,959,000 shares in the company, valued at $12,352,080. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kosmos Energy Stock Performance

Shares of Kosmos Energy stock traded down $0.10 on Thursday, reaching $3.01. 6,751,382 shares of the company were exchanged, compared to its average volume of 7,412,923. Kosmos Energy Ltd. has a 1-year low of $2.62 and a 1-year high of $6.58. 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 company’s 50-day moving average is $3.44 and its two-hundred day moving average is $4.05. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 4.67 and a beta of 2.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Mizuho lowered their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Benchmark decreased their target price on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Sanford C. Bernstein reduced their price objective on Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.52.

Institutional Trading of Kosmos Energy

Large investors have recently modified their holdings of the company. Fruth Investment Management increased its stake in shares of Kosmos Energy by 10.2% in the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock valued at $108,000 after purchasing an additional 2,500 shares during the period. nVerses Capital LLC increased its position in Kosmos Energy by 13.6% in the 3rd quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after acquiring an additional 3,700 shares during the period. Franklin Resources Inc. increased its position in Kosmos Energy by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 4,640 shares during the period. Avidian Wealth Enterprises LLC increased its position in Kosmos Energy by 42.8% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock valued at $66,000 after acquiring an additional 4,921 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Kosmos Energy by 3.8% during the fourth quarter. New York State Common Retirement Fund now owns 171,852 shares of the oil and gas producer’s stock valued at $588,000 after purchasing an additional 6,300 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

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.