Blenheim Capital Management BV purchased a new stake in shares of QEP Resources, Inc. (NYSE:QEP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 57,496 shares of the company’s stock, valued at approximately $1,059,000. QEP Resources comprises about 1.8% of Blenheim Capital Management BV’s holdings, making the stock its 12th largest position.

Several other large investors also recently bought and sold shares of the stock. ClariVest Asset Management LLC bought a new stake in QEP Resources during the second quarter valued at approximately $105,000. Bronfman E.L. Rothschild L.P. boosted its stake in QEP Resources by 8,263.0% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,774 shares of the company’s stock valued at $132,000 after buying an additional 6,693 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in QEP Resources by 41.9% in the third quarter. Advisors Asset Management Inc. now owns 7,097 shares of the company’s stock valued at $139,000 after buying an additional 2,097 shares in the last quarter. Wright Investors Service Inc. bought a new stake in QEP Resources during the second quarter valued at approximately $183,000. Finally, Raymond James Trust N.A. bought a new stake in QEP Resources during the third quarter valued at approximately $204,000. 90.76% of the stock is owned by hedge funds and other institutional investors.

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

QEP Resources, Inc. (NYSE:QEP) traded down 0.35% on Thursday, hitting $17.04. The stock had a trading volume of 2,723,974 shares. The company’s 50-day moving average price is $17.83 and its 200 day moving average price is $18.28. The firm’s market cap is $4.08 billion. QEP Resources, Inc. has a one year low of $9.17 and a one year high of $21.12.

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Several equities research analysts recently commented on the company. Scotiabank raised QEP Resources from an “outperform” rating to a “focus stock” rating and increased their price target for the company from $31.00 to $33.00 in a report on Thursday, January 12th. Zacks Investment Research cut QEP Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Wells Fargo & Company raised QEP Resources from a “market perform” rating to an “outperform” rating in a report on Friday, February 10th. Finally, FBR & Co raised QEP Resources from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.00 to $24.00 in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $23.38.

QEP Resources Company Profile

QEP Resources, Inc (QEP) is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy), and oil and gas marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other).

5 Day Chart for NYSE:QEP

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