Quantbot Technologies LP lifted its holdings in QEP Resources, Inc. (NYSE:QEP) by 321.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 117,845 shares of the pipeline company’s stock after buying an additional 89,891 shares during the quarter. Quantbot Technologies LP’s holdings in QEP Resources were worth $1,009,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of QEP. Dimensional Fund Advisors LP lifted its position in shares of QEP Resources by 77.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,548,695 shares of the pipeline company’s stock worth $45,941,000 after buying an additional 1,988,685 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of 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 worth $26,626,000 after buying an additional 1,541,894 shares during the last quarter. State Street Corp lifted its position in shares of QEP Resources by 16.1% in the 2nd quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock worth $108,526,000 after buying an additional 1,489,661 shares during the last quarter. Key Group Holdings Cayman LTD. lifted its position in shares of QEP Resources by 55.7% in the 2nd quarter. Key Group Holdings Cayman LTD. now owns 3,463,104 shares of the pipeline company’s stock worth $34,977,000 after buying an additional 1,238,891 shares during the last quarter. Finally, Caymus Capital Partners L.P. increased its holdings in shares of QEP Resources by 18.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 7,931,300 shares of the pipeline company’s stock worth $80,106,000 after acquiring an additional 1,220,700 shares during the period. Institutional investors own 88.41% of the company’s stock.

QEP Resources, Inc. (NYSE:QEP) opened at $8.97 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. QEP Resources, Inc. has a 52 week low of $7.02 and a 52 week high of $21.12.

QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, October 25th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.11. The company had revenue of $390.10 million for the quarter, compared to analysts’ expectations of $393.87 million. QEP Resources had a negative net margin of 0.90% and a negative return on equity of 3.48%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) EPS. sell-side analysts forecast that QEP Resources, Inc. will post -0.46 EPS for the current year.

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A number of research firms recently weighed in on QEP. Stifel Nicolaus dropped their price objective on shares of QEP Resources from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, September 26th. Mizuho raised shares of QEP Resources from a “neutral” rating to a “buy” rating in a report on Tuesday. Barclays PLC dropped their price objective on shares of QEP Resources from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Tuesday, September 26th. BMO Capital Markets set a $11.00 price objective on shares of QEP Resources and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, KLR Group reaffirmed a “buy” rating and issued a $14.00 price objective (down previously from $15.00) on shares of QEP Resources in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.19.

About QEP Resources

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.

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

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