Vanguard Personalized Indexing Management LLC Has $161,000 Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Posted by Defense World Staff on Jun 1st, 2023

Vanguard Personalized Indexing Management LLC raised its holdings in Kosmos Energy Ltd. (NYSE:KOS – Get Rating) by 21.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,242 shares of the oil and gas producer’s stock after buying an additional 4,474 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kosmos Energy were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in Kosmos Energy by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 117,375 shares of the oil and gas producer’s stock valued at $928,000 after purchasing an additional 7,804 shares during the period. Citigroup Inc. increased its stake in Kosmos Energy by 14.3% during the fourth quarter. Citigroup Inc. now owns 1,136,956 shares of the oil and gas producer’s stock valued at $7,231,000 after acquiring an additional 142,212 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Kosmos Energy by 0.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 174,082 shares of the oil and gas producer’s stock valued at $1,107,000 after acquiring an additional 1,395 shares in the last quarter. Swiss National Bank lifted its position in shares of Kosmos Energy by 1.9% in the 4th quarter. Swiss National Bank now owns 1,100,700 shares of the oil and gas producer’s stock worth $7,000,000 after acquiring an additional 20,700 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kosmos Energy by 10.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,664,964 shares of the oil and gas producer’s stock worth $16,949,000 after purchasing an additional 259,535 shares in the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Kosmos Energy in a research note on Tuesday, February 28th. Peel Hunt started coverage on Kosmos Energy in a report on Friday, March 10th. They set an “add” rating and a $8.94 price objective on the stock. Barclays lowered their price objective on Kosmos Energy from $10.75 to $10.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 15th. TheStreet upgraded Kosmos Energy from a “c” rating to a “b-” rating in a research report on Tuesday, May 23rd. Finally, StockNews.com began coverage on Kosmos Energy in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kosmos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.71.

Kosmos Energy Stock Performance

NYSE:KOS opened at $5.97 on Thursday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.79. Kosmos Energy Ltd. has a 1 year low of $4.64 and a 1 year high of $8.55. The firm has a 50 day moving average of $6.76 and a 200-day moving average of $6.86. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.52.

Kosmos Energy (NYSE:KOS – Get Rating) last issued its quarterly earnings data on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $563.72 million during the quarter. Kosmos Energy had a return on equity of 51.10% and a net margin of 15.16%. During the same quarter in the previous year, the firm posted $0.13 EPS. As a group, sell-side analysts anticipate that Kosmos Energy Ltd. will post 1.07 EPS for the current fiscal year.

Kosmos Energy Company Profile

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.