Blenheim Capital Management BV Purchases New Stake in QEP Resources, Inc. (QEP)
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.
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.
“Blenheim Capital Management BV Purchases New Stake in QEP Resources, Inc. (QEP)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The legal version of this article can be viewed at http://www.watchlistnews.com/blenheim-capital-management-bv-purchases-new-stake-in-qep-resources-inc-qep/1121322.html.
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).
Want to see what other hedge funds are holding QEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QEP Resources, Inc. (NYSE:QEP).
Receive News & Ratings for QEP Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.