BlackRock Fund Advisors recently announced the acquisition of new stake in Kosmos Energy Ltd (NYSE:KOS). The institutional investor has increased its shareholding in the Energy company by 2.26% to 29.02 million shares with purchase of 0.64 million shares. This fresh investment now brings its stake to 6.31% valued currently at $194.69 million. In addition, Grantham, Mayo, Van Otterloo & Co raised its holdings by 2.69 million to 22.34 million shares. And SSgA Funds Management, Inc. has lifted its position by 8.01% or 1.34 million shares – to 18.01 million shares.
Currently, there are 455.90M common shares owned by the public and among those 450.04M shares have been available to trade.
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Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 1,636,579 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 936,111 shares.
The top 3 mutual fund holders in Kosmos Energy Ltd are GMO Resources Fund, Fidelity Strategic Advisers US To, and iShares Russell 2000 ETF. GMO Resources Fund owns 16.0 million shares of the company’s stock, all valued at over $107.34 million. The company bought an additional 1.5 million shares recently to bring their total holdings to about 3.48% of the shares outstanding. Fidelity Strategic Advisers US To bought 0.47 million shares to see its total holdings expand to 12.92 million shares valued at over $86.66 million and representing 2.81% of the shares outstanding. iShares Russell 2000 ETF sold 32382.0 shares to bring its total holdings to over 12.23 million shares at a value of $82.05 million. iShares Russell 2000 ETF now owns shares totaling to 2.66% of the shares outstanding.
However, the script later moved the day high at 6.31, down -0.64%. The company’s stock has a 5-day price change of -0.16% and -15.10% over the past three months. KOS shares are trading -7.00% year to date (YTD), with the 12-month market performance down to -23.44% lower. It has a 12-month low price of $5.28 and touched a high of $8.55 over the same period. KOS has an average intraday trading volume of 4.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.26%, -5.68%, and -8.31% respectively.
Institutional ownership of Kosmos Energy Ltd (NYSE: KOS) shares accounts for 96.27% of the company’s 455.90M shares outstanding. Mutual fund holders own 40.30%, while other institutional holders and individual stakeholders account for 57.46% and 13.90% respectively.
It has a market capitalization of $2.87B and a beta (3y monthly) value of 2.43. The stock’s trailing 12-month PE ratio is 41.91, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 1.76 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 2.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.90% over the week and 2.98% over the month.
Analysts forecast that Kosmos Energy Ltd (KOS) will achieve an EPS of $0.22 for the current quarter, $0.16 for the next quarter and $0.97 for 2024. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.31. Comparatively, EPS for the current quarter was $0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -34.35%, and 60.22% over the next financial year.
Looking at the support for the KOS, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on November 20, 2023, with the firm’s price target at $10.
