Jennison Associates LLC Lowers Stock Holdings in Kosmos Energy Ltd. (NYSE:KOS)

Jennison Associates LLC cut its position in Kosmos Energy Ltd. (NYSE:KOS) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,576,188 shares of the oil and gas producer’s stock after selling 2,292,501 shares during the quarter. Jennison Associates LLC owned 0.97% of Kosmos Energy worth $15,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KOS. Fruth Investment Management lifted its position in shares of Kosmos Energy by 10.2% during the third quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after purchasing an additional 2,500 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Kosmos Energy by 13.6% in the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 3,700 shares in the last quarter. Franklin Resources Inc. increased its stake in Kosmos Energy by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock worth $531,000 after buying an additional 4,640 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in Kosmos Energy by 42.8% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,424 shares of the oil and gas producer’s stock worth $66,000 after buying an additional 4,921 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Kosmos Energy in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on KOS shares. Benchmark cut their price objective on Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Mizuho reduced their price target on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Sanford C. Bernstein cut their target price on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Jefferies Financial Group restated a “buy” rating and set a $5.60 target price on shares of Kosmos Energy in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.52.

Insider Activity

In other Kosmos Energy news, SVP Josh R. Marion sold 16,144 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.12, for a total transaction of $50,369.28. Following the transaction, the senior vice president now owns 172,057 shares of the company’s stock, valued at approximately $536,817.84. This trade represents a 8.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew G. Inglis sold 102,701 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.12, for a total value of $320,427.12. Following the completion of the sale, the chief executive officer now directly owns 4,236,691 shares of the company’s stock, valued at $13,218,475.92. The trade was a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,014 shares of company stock worth $599,084. Corporate insiders own 2.02% of the company’s stock.

Kosmos Energy Price Performance

KOS stock opened at $3.11 on Thursday. The business has a 50 day moving average price of $3.44 and a 200 day moving average price of $4.05. The company has a quick ratio of 0.47, a current ratio of 0.75 and a debt-to-equity ratio of 2.25. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 4.67 and a beta of 2.41. Kosmos Energy Ltd. has a fifty-two week low of $2.62 and a fifty-two week high of $6.58.

Kosmos Energy Profile

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.