QEP Resources Inc (QEP) Stake Lowered by Boston Partners

Boston Partners decreased its position in shares of QEP Resources Inc (NYSE:QEP) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 651,477 shares of the pipeline company’s stock after selling 7,056 shares during the quarter. Boston Partners’ holdings in QEP Resources were worth $5,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Perella Weinberg Partners Capital Management LP grew its holdings in shares of QEP Resources by 1,100.5% during the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 688,797 shares of the pipeline company’s stock valued at $3,878,000 after buying an additional 631,419 shares during the last quarter. United Services Automobile Association grew its holdings in shares of QEP Resources by 4.0% during the fourth quarter. United Services Automobile Association now owns 45,063 shares of the pipeline company’s stock valued at $254,000 after buying an additional 1,733 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in shares of QEP Resources by 1.5% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 589,205 shares of the pipeline company’s stock valued at $3,317,000 after buying an additional 8,685 shares during the last quarter. Creative Planning grew its holdings in shares of QEP Resources by 61.2% during the fourth quarter. Creative Planning now owns 683,209 shares of the pipeline company’s stock valued at $3,846,000 after buying an additional 259,287 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of QEP Resources during the fourth quarter valued at approximately $605,000. Hedge funds and other institutional investors own 99.22% of the company’s stock.

Shares of QEP stock opened at $7.71 on Thursday. QEP Resources Inc has a 12-month low of $5.00 and a 12-month high of $13.77. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $1.75 billion, a P/E ratio of -45.35 and a beta of 2.09.

QEP Resources (NYSE:QEP) last issued its earnings results on Wednesday, April 24th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. QEP Resources had a negative net margin of 60.23% and a positive return on equity of 1.91%. The company had revenue of $280.60 million for the quarter, compared to analysts’ expectations of $289.23 million. During the same quarter last year, the company posted ($0.20) earnings per share. The firm’s quarterly revenue was down 34.6% on a year-over-year basis. As a group, equities analysts predict that QEP Resources Inc will post 0.44 EPS for the current year.

A number of equities research analysts have recently commented on the stock. SunTrust Banks set a $8.00 price target on shares of QEP Resources and gave the company a “hold” rating in a report on Tuesday, April 23rd. ValuEngine cut shares of QEP Resources from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Zacks Investment Research cut shares of QEP Resources from a “buy” rating to a “hold” rating in a report on Friday, January 18th. Raymond James set a $12.00 target price on shares of QEP Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, Wells Fargo & Co restated a “hold” rating on shares of QEP Resources in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.75.

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QEP Resources Company Profile

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

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