Bank of New York Mellon Corp Purchases 135,119 Shares of Kosmos Energy Ltd (KOS)

Bank of New York Mellon Corp lifted its holdings in Kosmos Energy Ltd (NYSE:KOS) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,850 shares of the oil and gas producer’s stock after buying an additional 135,119 shares during the period. Bank of New York Mellon Corp owned approximately 0.27% of Kosmos Energy worth $8,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC increased its position in Kosmos Energy by 1.8% during the second quarter. SG Americas Securities LLC now owns 160,554 shares of the oil and gas producer’s stock worth $1,029,000 after purchasing an additional 2,826 shares during the last quarter. Comerica Bank increased its position in Kosmos Energy by 19.3% during the second quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 3,626 shares during the last quarter. Teacher Retirement System of Texas increased its position in Kosmos Energy by 24.6% during the second quarter. Teacher Retirement System of Texas now owns 19,167 shares of the oil and gas producer’s stock worth $123,000 after purchasing an additional 3,778 shares during the last quarter. Voya Investment Management LLC increased its position in Kosmos Energy by 11.2% during the second quarter. Voya Investment Management LLC now owns 53,325 shares of the oil and gas producer’s stock worth $342,000 after purchasing an additional 5,379 shares during the last quarter. Finally, Utah Retirement Systems increased its position in Kosmos Energy by 22.1% during the second quarter. Utah Retirement Systems now owns 34,845 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 6,300 shares during the last quarter.

In other news, Director Yves-Louis Darricarrere sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $8.57, for a total value of $119,980.00. Following the completion of the transaction, the director now owns 65,191 shares of the company’s stock, valued at $558,686.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Kosmos Energy Ltd (NYSE:KOS) opened at $6.86 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.66 and a debt-to-equity ratio of 1.07. Kosmos Energy Ltd has a 12 month low of $5.53 and a 12 month high of $8.62. The company has a market cap of $2,670.00, a P/E ratio of -16.73 and a beta of 1.57.

Kosmos Energy (NYSE:KOS) last posted its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The business had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $149.10 million. During the same period in the previous year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 126.9% compared to the same quarter last year. sell-side analysts expect that Kosmos Energy Ltd will post -0.34 EPS for the current year.

KOS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Kosmos Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. BMO Capital Markets reiterated a “buy” rating and set a $9.00 price target on shares of Kosmos Energy in a research report on Wednesday, September 27th. Barclays lifted their price target on shares of Kosmos Energy from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 11th. Credit Suisse Group upgraded shares of Kosmos Energy from a “neutral” rating to an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada set a $15.00 price target on shares of Kosmos Energy and gave the company a “buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.45.

ILLEGAL ACTIVITY WARNING: “Bank of New York Mellon Corp Purchases 135,119 Shares of Kosmos Energy Ltd (KOS)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2018/01/12/kosmos-energy-ltd-kos-stake-increased-by-bank-of-new-york-mellon-corp.html.

About Kosmos Energy

Kosmos Energy Ltd. (Kosmos) is an independent oil and gas exploration and production company. The Company is focused on the emerging areas along the Atlantic Margins. Its assets include existing production and development projects offshore Ghana, discoveries and further exploration potential offshore Mauritania and Senegal, as well as exploration licenses with hydrocarbon potential offshore Sao Tome and Principe, Suriname, Morocco and Western Sahara.

Institutional Ownership by Quarter for Kosmos Energy (NYSE:KOS)

Receive News & Ratings for Kosmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kosmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply