Schwab Charles Investment Management Inc. Boosts Stake in Kosmos Energy Ltd (NYSE:KOS)
Schwab Charles Investment Management Inc. boosted its holdings in Kosmos Energy Ltd (NYSE:KOS) by 19.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 829,143 shares of the oil and gas producer’s stock after buying an additional 136,812 shares during the period. Schwab Charles Investment Management Inc. owned 0.21% of Kosmos Energy worth $6,600,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at about $118,000. JPMorgan Chase & Co. raised its holdings in shares of Kosmos Energy by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,144 shares of the oil and gas producer’s stock valued at $169,000 after buying an additional 7,144 shares during the period. Comerica Bank raised its holdings in shares of Kosmos Energy by 19.3% during the 2nd quarter. Comerica Bank now owns 22,376 shares of the oil and gas producer’s stock valued at $140,000 after buying an additional 3,626 shares during the period. QS Investors LLC raised its holdings in shares of Kosmos Energy by 192.3% during the 2nd quarter. QS Investors LLC now owns 22,800 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 15,000 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in shares of Kosmos Energy during the 3rd quarter valued at about $214,000.
In other Kosmos Energy news, Director Yves-Louis Darricarrere sold 14,000 shares of Kosmos Energy stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $8.57, for a total transaction of $119,980.00. Following the sale, the director now owns 65,191 shares of the company’s stock, valued at approximately $558,686.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.
Kosmos Energy (NYSE:KOS) last released its quarterly earnings data on Monday, November 6th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $149.10 million. Kosmos Energy had a negative net margin of 23.83% and a negative return on equity of 8.88%. The company’s revenue for the quarter was up 126.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. equities analysts forecast that Kosmos Energy Ltd will post -0.33 earnings per share for the current fiscal year.
Several brokerages recently commented on KOS. TheStreet upgraded Kosmos Energy from a “d+” rating to a “c-” rating in a report on Friday, October 6th. Bank of America upgraded Kosmos Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Scotiabank upgraded Kosmos Energy from a “sector perform” rating to a “buy” rating in a report on Thursday, October 26th. BNP Paribas started coverage on Kosmos Energy in a report on Friday, November 24th. They set an “outperform” rating on the stock. Finally, Goldman Sachs Group restated a “neutral” rating and set a $9.00 price objective on shares of Kosmos Energy in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Kosmos Energy presently has an average rating of “Buy” and a consensus price target of $9.45.
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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.
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