Dupont Capital Management Corp cut its holdings in QEP Resources Inc (NYSE:QEP) by 68.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,307 shares of the pipeline company’s stock after selling 37,178 shares during the period. Dupont Capital Management Corp’s holdings in QEP Resources were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of QEP Resources by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 21,420,121 shares of the pipeline company’s stock worth $242,475,000 after acquiring an additional 254,888 shares in the last quarter. BlackRock Inc. raised its position in shares of QEP Resources by 3.5% in the 4th quarter. BlackRock Inc. now owns 21,413,968 shares of the pipeline company’s stock worth $120,561,000 after acquiring an additional 727,179 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of QEP Resources by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,055,887 shares of the pipeline company’s stock worth $101,655,000 after acquiring an additional 803,139 shares in the last quarter. Oslo Asset Management AS raised its position in shares of QEP Resources by 74.6% in the 4th quarter. Oslo Asset Management AS now owns 6,157,390 shares of the pipeline company’s stock worth $34,666,000 after acquiring an additional 2,630,852 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of QEP Resources by 96.2% in the 4th quarter. Hsbc Holdings PLC now owns 5,943,161 shares of the pipeline company’s stock worth $33,460,000 after acquiring an additional 2,913,876 shares in the last quarter. 99.22% of the stock is owned by hedge funds and other institutional investors.
Shares of QEP opened at $7.71 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $1.75 billion, a PE ratio of -45.35 and a beta of 2.09. QEP Resources Inc has a one year low of $5.00 and a one year high of $13.77.
QEP Resources (NYSE:QEP) last issued its earnings results on Wednesday, April 24th. The pipeline company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. The company had revenue of $280.60 million during the quarter, compared to the consensus estimate of $289.23 million. QEP Resources had a positive return on equity of 1.91% and a negative net margin of 60.23%. The firm’s revenue for the quarter was down 34.6% compared to the same quarter last year. During the same period last year, the business posted ($0.20) EPS. On average, sell-side analysts forecast that QEP Resources Inc will post 0.44 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. SunTrust Banks set a $8.00 price objective on QEP Resources and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine lowered QEP Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Zacks Investment Research lowered QEP Resources from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. Raymond James set a $12.00 price objective on QEP Resources and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Wells Fargo & Co reissued a “hold” rating on shares of QEP Resources in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. QEP Resources currently has a consensus rating of “Hold” and a consensus price target of $11.75.
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About QEP Resources
QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.
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