Quantitative Systematic Strategies LLC decreased its position in QEP Resources Inc (NYSE:QEP) by 88.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,161 shares of the pipeline company’s stock after selling 175,488 shares during the period. Quantitative Systematic Strategies LLC’s holdings in QEP Resources were worth $222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QEP. Dimensional Fund Advisors LP lifted its stake in QEP Resources by 47.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,715,171 shares of the pipeline company’s stock valued at $57,549,000 after acquiring an additional 2,166,476 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in QEP Resources by 98.5% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,106,908 shares of the pipeline company’s stock valued at $26,626,000 after acquiring an additional 1,541,894 shares in the last quarter. State Street Corp lifted its stake in QEP Resources by 16.1% in the 2nd quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock valued at $108,526,000 after acquiring an additional 1,489,661 shares in the last quarter. Oslo Asset Management AS lifted its stake in QEP Resources by 123.0% in the 4th quarter. Oslo Asset Management AS now owns 2,612,900 shares of the pipeline company’s stock valued at $25,005,000 after acquiring an additional 1,441,200 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in QEP Resources by 219.4% in the 3rd quarter. First Trust Advisors LP now owns 1,390,500 shares of the pipeline company’s stock valued at $11,917,000 after acquiring an additional 955,123 shares in the last quarter. Hedge funds and other institutional investors own 93.41% of the company’s stock.

Shares of QEP Resources Inc (QEP) opened at $7.51 on Friday. QEP Resources Inc has a 12 month low of $7.02 and a 12 month high of $17.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54.

Several research firms have commented on QEP. ValuEngine cut QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. 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 research note on Thursday, November 2nd. BMO Capital Markets set a $11.00 target price on QEP Resources and gave the company a “buy” rating in a research note on Tuesday, November 14th. B. Riley started coverage on QEP Resources in a research note on Monday, February 5th. They issued a “neutral” rating and a $10.50 target price on the stock. Finally, Mizuho upgraded QEP Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. QEP Resources presently has a consensus rating of “Hold” and an average price target of $12.59.

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QEP Resources Profile

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

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