CCG Wealth Management LLC Takes $386,000 Position in Kosmos Energy Ltd. (NYSE:KOS)

CCG Wealth Management LLC purchased a new stake in Kosmos Energy Ltd. (NYSE:KOS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 64,819 shares of the oil and gas producer’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in Kosmos Energy in the 4th quarter worth $5,819,000. Creekmur Asset Management LLC acquired a new position in Kosmos Energy in the 4th quarter worth $107,000. Goldman Sachs Group Inc. boosted its stake in Kosmos Energy by 31.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,201,036 shares of the oil and gas producer’s stock worth $21,479,000 after purchasing an additional 769,037 shares during the period. Neo Ivy Capital Management acquired a new position in Kosmos Energy in the 4th quarter worth $79,000. Finally, Patient Capital Management LLC boosted its stake in Kosmos Energy by 19.7% in the 4th quarter. Patient Capital Management LLC now owns 6,363,423 shares of the oil and gas producer’s stock worth $42,699,000 after purchasing an additional 1,046,091 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.

Kosmos Energy Stock Up 0.5 %

NYSE:KOS traded up $0.03 on Monday, hitting $5.57. 3,760,610 shares of the company’s stock were exchanged, compared to its average volume of 6,924,059. The firm has a 50-day moving average price of $5.76 and a 200-day moving average price of $6.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.91 and a quick ratio of 0.64. Kosmos Energy Ltd. has a 52 week low of $5.07 and a 52 week high of $8.28. The company has a market cap of $2.63 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 0.44 and a beta of 2.41.

Kosmos Energy (NYSE:KOS) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.19 EPS for the quarter. The firm had revenue of $419.14 million for the quarter. Kosmos Energy had a net margin of 12.85% and a return on equity of 39.32%. As a group, analysts expect that Kosmos Energy Ltd. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KOS shares. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of Kosmos Energy in a research note on Tuesday, June 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.30.

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.