GW&K Investment Management LLC lessened its stake in shares of QEP Resources Inc (NYSE:QEP) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 672,849 shares of the pipeline company’s stock after selling 30,293 shares during the period. GW&K Investment Management LLC owned about 0.28% of QEP Resources worth $6,439,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of QEP Resources during the fourth quarter worth approximately $178,000. Oakbrook Investments LLC acquired a new position in shares of QEP Resources in the fourth quarter valued at $194,000. Creative Planning raised its stake in shares of QEP Resources by 55.8% in the fourth quarter. Creative Planning now owns 453,106 shares of the pipeline company’s stock valued at $4,336,000 after purchasing an additional 162,312 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of QEP Resources by 52.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 62,400 shares of the pipeline company’s stock valued at $597,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of QEP Resources by 77.2% in the third quarter. Public Employees Retirement System of Ohio now owns 188,800 shares of the pipeline company’s stock valued at $1,618,000 after purchasing an additional 82,239 shares in the last quarter. Hedge funds and other institutional investors own 93.47% of the company’s stock.
QEP has been the subject of several recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $12.00 price objective on shares of QEP Resources in a research note on Sunday, October 22nd. Mizuho restated a “hold” rating and set a $11.00 target price on shares of QEP Resources in a report on Friday, October 27th. SunTrust Banks restated a “hold” rating and set a $9.00 target price on shares of QEP Resources in a report on Wednesday, November 1st. Zacks Investment Research upgraded QEP Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, November 2nd. Finally, Barclays cut QEP Resources from an “overweight” rating to an “equal weight” rating and set a $9.00 target price on the stock. in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.54.
QEP Resources Inc (NYSE:QEP) traded up $0.40 during midday trading on Wednesday, hitting $7.91. The stock had a trading volume of 5,385,874 shares, compared to its average volume of 6,596,683. The firm has a market capitalization of $1,879.29, a price-to-earnings ratio of -131.81, a P/E/G ratio of 8.60 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 1.55. QEP Resources Inc has a 52 week low of $7.02 and a 52 week high of $17.44.
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About QEP Resources
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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