QEP Resources Inc (QEP) Position Increased by James Investment Research Inc.

James Investment Research Inc. boosted its stake in QEP Resources Inc (NYSE:QEP) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,605 shares of the pipeline company’s stock after acquiring an additional 30,100 shares during the period. James Investment Research Inc. owned 0.09% of QEP Resources worth $2,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of QEP. Principal Financial Group Inc. increased its stake in QEP Resources by 2.4% during the first quarter. Principal Financial Group Inc. now owns 1,051,835 shares of the pipeline company’s stock valued at $10,297,000 after purchasing an additional 24,592 shares during the last quarter. Legal & General Group Plc increased its stake in QEP Resources by 2.9% during the first quarter. Legal & General Group Plc now owns 397,017 shares of the pipeline company’s stock valued at $3,887,000 after purchasing an additional 11,268 shares during the last quarter. Suntrust Banks Inc. increased its stake in QEP Resources by 7.5% during the first quarter. Suntrust Banks Inc. now owns 87,787 shares of the pipeline company’s stock valued at $857,000 after purchasing an additional 6,115 shares during the last quarter. State of Alaska Department of Revenue increased its stake in QEP Resources by 40.8% during the second quarter. State of Alaska Department of Revenue now owns 26,330 shares of the pipeline company’s stock valued at $322,000 after purchasing an additional 7,630 shares during the last quarter. Finally, Thompson Rubinstein Investment Management Inc. OR increased its stake in QEP Resources by 7.4% during the second quarter. Thompson Rubinstein Investment Management Inc. OR now owns 331,900 shares of the pipeline company’s stock valued at $4,069,000 after purchasing an additional 22,955 shares during the last quarter. 99.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE QEP opened at $8.44 on Tuesday. QEP Resources Inc has a twelve month low of $7.04 and a twelve month high of $13.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 10.96 and a beta of 1.29.



QEP has been the subject of several recent research reports. Williams Capital set a $15.00 target price on shares of QEP Resources and gave the company a “buy” rating in a research note on Monday, August 20th. Oppenheimer initiated coverage on shares of QEP Resources in a research note on Wednesday, October 3rd. They set an “outperform” rating and a $15.00 target price for the company. ValuEngine lowered shares of QEP Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Wells Fargo & Co lowered shares of QEP Resources from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a research note on Tuesday, October 23rd. Finally, KLR Group reiterated a “buy” rating and set a $14.00 target price on shares of QEP Resources in a research note on Monday, August 20th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.25.

QEP Resources Company Profile

QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.

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Institutional Ownership by Quarter for QEP Resources (NYSE:QEP)

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