Portolan Capital Management LLC Acquires New Position in Kosmos Energy Ltd. (NYSE:KOS)

Portolan Capital Management LLC acquired a new position in Kosmos Energy Ltd. (NYSE:KOS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,617,506 shares of the oil and gas producer’s stock, valued at approximately $5,532,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KOS. American Century Companies Inc. raised its holdings 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 valued at $101,083,000 after purchasing an additional 2,997,438 shares during the last quarter. Equinox Partners Investment Management LLC increased its stake 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 buying an additional 3,218,394 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Kosmos Energy by 33.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 536,870 shares of the oil and gas producer’s stock valued at $1,836,000 after purchasing an additional 133,704 shares during the period. Barclays PLC increased its holdings in Kosmos Energy by 46.5% in the 3rd quarter. Barclays PLC now owns 3,032,782 shares of the oil and gas producer’s stock valued at $12,221,000 after acquiring an additional 962,057 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Kosmos Energy by 28.1% during the fourth quarter. William Blair Investment Management LLC now owns 18,743,734 shares of the oil and gas producer’s stock valued at $64,104,000 after purchasing an additional 4,114,499 shares in the last quarter. 95.33% of the stock is owned by institutional investors.

Kosmos Energy Stock Up 12.2 %

Shares of Kosmos Energy stock opened at $1.80 on Monday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47. The stock has a market cap of $857.84 million, a price-to-earnings ratio of 4.08, a PEG ratio of 5.24 and a beta of 1.94. The firm’s 50-day moving average is $2.45 and its two-hundred day moving average is $3.28. Kosmos Energy Ltd. has a 1 year low of $1.39 and a 1 year high of $6.33.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO Andrew G. Inglis sold 138,689 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $3.12, for a total transaction of $432,709.68. Following the transaction, the chief executive officer now owns 3,959,000 shares in the company, valued at $12,352,080. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Ronald W. Glass sold 16,182 shares of Kosmos Energy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total value of $50,487.84. Following the completion of the sale, the chief accounting officer now owns 320,231 shares in the company, valued at approximately $999,120.72. The trade was a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 503,970 shares of company stock valued at $1,572,386. Company insiders own 2.02% 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.