Lazard Asset Management LLC Sells 116,850 Shares of Kosmos Energy Ltd. (NYSE:KOS)

Lazard Asset Management LLC decreased its holdings in shares of Kosmos Energy Ltd. (NYSE:KOS) by 10.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,045,671 shares of the oil and gas producer’s stock after selling 116,850 shares during the period. Lazard Asset Management LLC owned 0.22% of Kosmos Energy worth $6,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in shares of Kosmos Energy by 23.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 25,145,473 shares of the oil and gas producer’s stock valued at $149,867,000 after purchasing an additional 4,830,005 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Kosmos Energy by 0.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 17,574,855 shares of the oil and gas producer’s stock valued at $117,927,000 after purchasing an additional 137,340 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Kosmos Energy by 2.0% during the first quarter. Vanguard Group Inc. now owns 12,974,454 shares of the oil and gas producer’s stock valued at $77,328,000 after purchasing an additional 258,460 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kosmos Energy by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,687,431 shares of the oil and gas producer’s stock valued at $65,005,000 after purchasing an additional 761,657 shares in the last quarter. Finally, Patient Capital Management LLC increased its stake in shares of Kosmos Energy by 19.7% during the fourth quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer’s stock valued at $42,699,000 after purchasing an additional 1,046,091 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

Kosmos Energy Price Performance

Shares of KOS opened at $5.46 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.91 and a debt-to-equity ratio of 2.48. Kosmos Energy Ltd. has a twelve month low of $5.07 and a twelve month high of $8.28. The company has a market capitalization of $2.57 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.45 and a beta of 2.41. The firm has a 50 day moving average of $5.64 and a 200 day moving average of $5.84.

Kosmos Energy (NYSE:KOS) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 EPS for the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. The business had revenue of $419.14 million during the quarter. As a group, equities research analysts anticipate that Kosmos Energy Ltd. will post 0.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

KOS has been the subject of several analyst reports. Benchmark reissued a “buy” rating and set a $8.00 price target on shares of Kosmos Energy in a research report on Tuesday, June 25th. Sanford C. Bernstein reduced their price target on shares of Kosmos Energy from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.56.

Kosmos Energy Company 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.