Fidelity Management & Research Co 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 2.04% to 51.17 million shares with purchase of 1.02 million shares. This fresh investment now brings its stake to 11.22% valued currently at $332.06 million. In addition, Grantham, Mayo, Van Otterloo & Co raised its holdings by 2.51 million to 21.73 million shares. And Cobas Asset Management SGIIC SA has lifted its position by 0.51% or 0.11 million shares – to 20.84 million shares.
With over 4.71 million Kosmos Energy Ltd. (KOS) shares trading Tuesday and a closing price of $6.40 on the day, the dollar volume was approximately $30.17 million. The shares have shown a negative half year performance of -17.31% and its price on 11/29/22 gained nearly 3.39%. Currently, there are 455.84M common shares owned by the public and among those 443.37M shares have been available to trade.
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Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 2,279,753 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 975,406 shares.
The top 3 mutual fund holders in Kosmos Energy Ltd. are GMO Resources Fund, SPDR S&P Oil & Gas Exploration &, and Fidelity Series Large Cap Stock F. GMO Resources Fund owns 17.58 million shares of the company’s stock, all valued at over $114.07 million. The company bought an additional 2.44 million shares recently to bring their total holdings to about 3.86% of the shares outstanding. Fidelity Series Large Cap Stock F bought 51510.0 shares to bring its total holdings to over 13.51 million shares at a value of $87.66 million. Fidelity Series Large Cap Stock F now owns shares totaling to 2.96% of the shares outstanding.
Shares of Kosmos Energy Ltd. (NYSE: KOS) opened at $6.25, up $0.06 from a prior closing price of $6.19. However, the script later moved the day high at 6.47, up 3.39%. The company’s stock has a 5-day price change of -0.47% and -9.60% over the past three months. KOS shares are trading 84.97% year to date (YTD), with the 12-month market performance up to 67.10% higher. It has a 12-month low price of $3.02 and touched a high of $8.48 over the same period. KOS has an average intraday trading volume of 6.25 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 -4.02%, 3.53%, and -0.16% respectively.
Institutional ownership of Kosmos Energy Ltd. (NYSE: KOS) shares accounts for 94.10% of the company’s 455.84M shares outstanding. Mutual fund holders own 39.71%, while other institutional holders and individual stakeholders account for 53.82% and 13.88% respectively.
It has a market capitalization of $3.00B and a beta (3y monthly) value of 2.83. The stock’s trailing 12-month PE ratio is 6.82, while the earnings-per-share (ttm) stands at $0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.43% over the week and 5.14% over the month.
Analysts forecast that Kosmos Energy Ltd. (KOS) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $1.49 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 81.60%, and 39.25% over the next financial year.
Looking at the support for the KOS, a number of firms have released research notes about the stock. Berenberg stated their Buy rating for the stock in a research note on August 25, 2022, with the firm’s price target at $8.30-$8.50. Bernstein on their part issued Outperform rating on June 21, 2021.
