Boston Partners Acquires 679,681 Shares of Kosmos Energy Ltd (NYSE:KOS)

Boston Partners grew its position in Kosmos Energy Ltd (NYSE:KOS) by 11.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,802,025 shares of the oil and gas producer’s stock after purchasing an additional 679,681 shares during the quarter. Boston Partners owned approximately 1.69% of Kosmos Energy worth $42,480,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KOS. FMR LLC raised its position in shares of Kosmos Energy by 90.6% in the first quarter. FMR LLC now owns 60,187,482 shares of the oil and gas producer’s stock valued at $374,967,000 after purchasing an additional 28,613,476 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Kosmos Energy by 74.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,018,322 shares of the oil and gas producer’s stock worth $144,324,000 after acquiring an additional 9,788,958 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Kosmos Energy during the second quarter worth $36,252,000. Zimmer Partners LP acquired a new stake in Kosmos Energy during the second quarter worth $28,215,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Kosmos Energy by 15.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 24,353,195 shares of the oil and gas producer’s stock worth $151,721,000 after buying an additional 3,191,950 shares in the last quarter. 95.93% of the stock is currently owned by institutional investors.

NYSE:KOS traded up $0.02 on Thursday, hitting $6.59. 70,227 shares of the stock were exchanged, compared to its average volume of 3,033,955. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -14.01 and a beta of 1.97. Kosmos Energy Ltd has a 52 week low of $3.53 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.88 and a current ratio of 1.13. The company’s 50-day moving average price is $6.20 and its 200 day moving average price is $6.21.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The company had revenue of $395.93 million for the quarter, compared to analyst estimates of $391.29 million. Kosmos Energy had a negative return on equity of 14.53% and a net margin of 1.87%. Kosmos Energy’s quarterly revenue was up 83.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. As a group, equities research analysts predict that Kosmos Energy Ltd will post 0.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a $0.045 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.18 annualized dividend and a dividend yield of 2.73%. Kosmos Energy’s dividend payout ratio is presently -38.30%.

A number of equities research analysts have weighed in on KOS shares. Zacks Investment Research upgraded shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Berenberg Bank reissued a “buy” rating on shares of Kosmos Energy in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.74.

Kosmos Energy Company Profile

Kosmos Energy Ltd., a deepwater independent oil and gas exploration and production company, focuses along the Atlantic Margins. Its primary assets include production offshore Ghana, Equatorial Guinea, and U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. The company also maintains an exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.

Further Reading: Mutual Funds

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

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