April 9, 2023 – M&G Investment Management Ltd., a leading UK-based investment management firm, increased its stake in Kosmos Energy Ltd. (NYSE:KOS) by 12.7% in 2022Q4. The fund now owns approximately 3,376,803 shares of the oil and gas producer’s stock after acquiring an additional 380,401 shares during the period, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

M&G Investment Management Ltd.’s holdings in Kosmos Energy are currently worth $20,261,000 as of its most recent SEC filing. The latest move indicates that the firm is betting big on an optimistic future for Kosmos Energy’s growth prospects.

Kosmos Energy Ltd., trading on the New York Stock Exchange (NYSE) under the ticker symbol KOS, opened at $7.61 on Friday. As of today, it has a market cap of $3.50 billion with a PE ratio of 15.85, a P/E/G ratio of 1.45 and a beta of 2.79. Its performance over the past year has been impressive as it moved from a low of $4.64 to a fifty-two week high of $8.55.

Kosmos’ main assets are located offshore Ghana and Equatorial Guinea where it develops and produces crude oil and natural gas reserves through exploration activities supported by large-scale technologies such as seismic imaging systems to process data in complex geological terrains characteristic of deep-water drilling operations. .

The company has quick ratio of 0.58 and current ratio of 0.82 which indicates that both long-term solvency and short-term liquidity are healthy enough to sustain business continuity even in the event of economic downturn or credit crunch.

Investing in oil firms is viewed differently depending on one’s perspective, either as an investment in companies committed to ameliorating the climate crisis or as a bankable asset class on a path to stable and sustainable returns. Still, with oil prices expected to remain above $50 per barrel in 2023, Kosmos Energy remains an attractive mainstream investment option for investors looking to invest in the sector.

Those interested in tracking other hedge funds owning KOS should visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kosmos Energy Ltd. (NYSE:KOS) as it unveils more clues to institutional investors’ ownership of Kosmos Energy shares.

Kosmos Energy: Riding high on institutional investor confidence for upstream exploration

The world’s need for energy has been constant for decades and the oil and gas industry is at the forefront of this demand. US-based oil and gas exploration and production company Kosmos Energy has seen increased interest from institutional investors in recent months as they look to capitalize on demand for these resources.

PNC Financial Services Group Inc., Newbridge Financial Services Group Inc., Dark Forest Capital Management LP, Captrust Financial Advisors, and Lazard Asset Management LLC are some of the investment firms that have bought shares in Cosmos Energy. These new positions reflect growing confidence in Kosmos Energy’s ability to deliver strong financial performance over time. As of April 9, 87.13% of the company’s stock was owned by hedge funds and other institutional investors.

The positive outlook is echoed by equity analysts who have given Cosmos Energy a “moderate buy” rating on average, according to Bloomberg data. They see potential in the company despite fluctuating market conditions. Peel Hunt set an “Add” rating with a $8.94 price target while Benchmark reiterated their “Buy” rating with a $10 price target.

Kosmos Energy’s past performance beat analysts’ consensus estimates by $0.03 per share in its earnings report issued on February 26th, showing promise. The firm had revenue of $563.72 million during the quarter indicating strong financial growth.

The company has assets offshore Ghana, Equatorial Guinea and the Gulf of Mexico, as well as gas development projects offshore Mauritania and Senegal where exploration programs are balanced between proven basin infrastructure-led exploration in emerging basins and frontier basins.

With growing global demand for energy from sources like oil and gas amid ever-depleting fossil fuel resources, it’s no wonder that institutional investors and equity analysts alike are bullish on companies like Kosmos Energy that are focused on upstream exploration to meet these needs.

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