Rpo LLC Takes Position in Kosmos Energy Ltd. (NYSE:KOS)

Rpo LLC acquired a new position in shares of Kosmos Energy Ltd. (NYSE:KOS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,175 shares of the oil and gas producer’s stock, valued at approximately $59,000. Kosmos Energy makes up approximately 0.1% of Rpo LLC’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KOS. American Century Companies Inc. grew its stake in shares of Kosmos Energy by 11.3% during the fourth quarter. American Century Companies Inc. now owns 29,556,382 shares of the oil and gas producer’s stock worth $101,083,000 after buying an additional 2,997,438 shares during the last quarter. William Blair Investment Management LLC grew 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 worth $64,104,000 after acquiring an additional 4,114,499 shares during the last quarter. Equinox Partners Investment Management LLC increased its holdings in Kosmos Energy by 39.2% in the 4th quarter. Equinox Partners Investment Management LLC now owns 11,421,895 shares of the oil and gas producer’s stock worth $39,063,000 after purchasing an additional 3,218,394 shares in the last quarter. Geode Capital Management LLC raised its position in Kosmos Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,580,979 shares of the oil and gas producer’s stock valued at $42,650,000 after purchasing an additional 68,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Kosmos Energy by 13.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,969,329 shares of the oil and gas producer’s stock valued at $23,835,000 after purchasing an additional 847,635 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Nealesh D. Shah sold 56,987 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $177,799.44. Following the transaction, the chief financial officer now directly owns 1,711,580 shares of the company’s stock, valued at $5,340,129.60. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ronald W. Glass sold 10,354 shares of Kosmos Energy stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $3.12, for a total transaction of $32,304.48. Following the completion of the sale, the chief accounting officer now directly owns 299,498 shares of the company’s stock, valued at approximately $934,433.76. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,970 shares of company stock worth $1,572,386. Corporate insiders own 2.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Mizuho lowered their price objective on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Benchmark cut shares of Kosmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Kosmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Jefferies Financial Group restated a “buy” rating and issued a $5.60 price objective on shares of Kosmos Energy in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group cut their target price on Kosmos Energy from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.27.

Kosmos Energy Price Performance

Shares of NYSE KOS opened at $2.28 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $1.09 billion, a PE ratio of 5.18, a P/E/G ratio of 5.24 and a beta of 2.31. The firm has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $3.44. Kosmos Energy Ltd. has a twelve month low of $2.07 and a twelve month high of $6.58.

Kosmos Energy (NYSE:KOS) last announced its quarterly earnings data on Monday, February 24th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $397.66 million during the quarter, compared to analyst estimates of $387.60 million. On average, sell-side analysts forecast that Kosmos Energy Ltd. will post 0.42 EPS for the current year.

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.