Citigroup Inc. lowered its stake in Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 41.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 662,914 shares of the oil and gas producer’s stock after selling 474,042 shares during the quarter. Citigroup Inc. owned approximately 0.14% of Kosmos Energy worth $4,932,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of KOS. Guggenheim Capital LLC purchased a new stake in shares of Kosmos Energy during the first quarter worth about $653,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Kosmos Energy by 14.6% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 28,927 shares of the oil and gas producer’s stock valued at $215,000 after purchasing an additional 3,685 shares during the period. Credit Suisse AG increased its stake in Kosmos Energy by 4.7% in the first quarter. Credit Suisse AG now owns 557,318 shares of the oil and gas producer’s stock valued at $4,146,000 after purchasing an additional 25,008 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Kosmos Energy by 883.1% during the first quarter. Tower Research Capital LLC TRC now owns 24,134 shares of the oil and gas producer’s stock worth $179,000 after buying an additional 21,679 shares during the period. Finally, Boston Partners boosted its stake in Kosmos Energy by 4.3% in the 1st quarter. Boston Partners now owns 7,556,771 shares of the oil and gas producer’s stock worth $55,073,000 after buying an additional 311,603 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.
Kosmos Energy Trading Up 3.6 %
Shares of KOS opened at $7.54 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 0.80 and a quick ratio of 0.44. Kosmos Energy Ltd. has a 12 month low of $4.64 and a 12 month high of $8.55. The stock has a market cap of $3.47 billion, a PE ratio of 16.76, a P/E/G ratio of 2.06 and a beta of 2.78. The stock’s 50-day moving average is $6.79 and its two-hundred day moving average is $6.82.
Wall Street Analyst Weigh In
KOS has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and set a $10.00 price objective on shares of Kosmos Energy in a report on Tuesday, August 8th. TheStreet upgraded Kosmos Energy from a “c” rating to a “b-” rating in a report on Tuesday, May 23rd. Redburn Partners assumed coverage on Kosmos Energy in a report on Thursday, July 20th. They issued a “buy” rating and a $9.00 target price on the stock. Barclays dropped their price target on Kosmos Energy from $9.50 to $9.40 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. Finally, StockNews.com began coverage on Kosmos Energy in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.32.
Get Our Latest Research Report on KOS
Insiders Place Their Bets
In other news, Director Deanna L. Goodwin sold 112,000 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $6.69, for a total transaction of $749,280.00. Following the transaction, the director now owns 99,532 shares of the company’s stock, valued at $665,869.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.79% of the stock is owned by company insiders.
Kosmos Energy Company Profile
Kosmos Energy Ltd. engages in the exploration and production of oil and gas properties 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 a gas projects located in offshore Mauritania and Senegal.
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