Nealesh D. Shah Sells 56,987 Shares of Kosmos Energy Ltd. (NYSE:KOS) Stock

Kosmos Energy Ltd. (NYSE:KOS) CFO Nealesh D. Shah sold 56,987 shares of Kosmos Energy 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 $177,799.44. Following the completion of the sale, the chief financial officer now owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kosmos Energy Price Performance

Shares of KOS opened at $3.11 on Thursday. The firm has a fifty day moving average price of $3.44 and a 200 day moving average price of $4.05. The stock has a market cap of $1.47 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 4.67 and a beta of 2.41. 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 current ratio of 0.75 and a quick ratio of 0.47.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KOS. Envestnet Asset Management Inc. grew its position in shares of Kosmos Energy by 26.6% during the second quarter. Envestnet Asset Management Inc. now owns 341,300 shares of the oil and gas producer’s stock worth $1,891,000 after acquiring an additional 71,632 shares during the last quarter. Marshall Wace LLP boosted its stake in Kosmos Energy by 97.9% during the 2nd quarter. Marshall Wace LLP now owns 250,735 shares of the oil and gas producer’s stock worth $1,389,000 after purchasing an additional 124,058 shares during the period. AQR Capital Management LLC grew its position in Kosmos Energy by 80.2% during the 2nd quarter. AQR Capital Management LLC now owns 305,604 shares of the oil and gas producer’s stock worth $1,693,000 after purchasing an additional 136,029 shares during the last quarter. Millennium Management LLC increased its stake in Kosmos Energy by 34.9% in the second quarter. Millennium Management LLC now owns 2,342,239 shares of the oil and gas producer’s stock valued at $12,976,000 after purchasing an additional 606,195 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Kosmos Energy by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 257,887 shares of the oil and gas producer’s stock valued at $1,429,000 after buying an additional 8,197 shares during the last quarter. Institutional investors and hedge funds own 95.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein decreased their target price 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. Benchmark decreased their price target on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com upgraded Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $5.60 price target on shares of Kosmos Energy in a research report on Wednesday, December 18th. Finally, Mizuho cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Kosmos Energy currently has an average rating of “Moderate Buy” and a consensus target price of $5.52.

Kosmos Energy Company 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.