River Road Asset Management LLC cut its position in QEP Resources Inc (NYSE:QEP) by 48.0% in the fourth quarter, HoldingsChannel reports. The firm owned 287,910 shares of the pipeline company’s stock after selling 265,560 shares during the quarter. River Road Asset Management LLC’s holdings in QEP Resources were worth $2,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QEP. Dimensional Fund Advisors LP increased its stake in shares of QEP Resources by 47.6% in the third quarter. Dimensional Fund Advisors LP now owns 6,715,171 shares of the pipeline company’s stock worth $57,549,000 after purchasing an additional 2,166,476 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of QEP Resources by 98.5% in the third quarter. Frontier Capital Management Co. LLC now owns 3,106,908 shares of the pipeline company’s stock worth $26,626,000 after purchasing an additional 1,541,894 shares in the last quarter. State Street Corp increased its stake in shares of QEP Resources by 16.1% in the second quarter. State Street Corp now owns 10,745,243 shares of the pipeline company’s stock worth $108,526,000 after purchasing an additional 1,489,661 shares in the last quarter. Oslo Asset Management AS increased its stake in shares of QEP Resources by 123.0% in the fourth quarter. Oslo Asset Management AS now owns 2,612,900 shares of the pipeline company’s stock worth $25,005,000 after purchasing an additional 1,441,200 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of QEP Resources by 219.4% in the third quarter. First Trust Advisors LP now owns 1,390,500 shares of the pipeline company’s stock worth $11,917,000 after purchasing an additional 955,123 shares in the last quarter. 93.41% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on QEP. B. Riley began coverage on shares of QEP Resources in a research note on Monday, February 5th. They issued a “neutral” rating and a $10.50 price objective for the company. ValuEngine cut shares of QEP Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of QEP Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank began coverage on shares of QEP Resources in a research note on Thursday, February 1st. They issued a “hold” rating and a $11.00 price objective for the company. Finally, Mizuho raised shares of QEP Resources from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. QEP Resources currently has a consensus rating of “Hold” and an average target price of $12.59.

QEP Resources Inc (NYSE:QEP) opened at $7.51 on Friday. The firm has a market cap of $1,845.56, a price-to-earnings ratio of -125.15, a P/E/G ratio of 8.45 and a beta of 1.72. QEP Resources Inc has a 52 week low of $7.02 and a 52 week high of $17.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 1.55.

COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/river-road-asset-management-llc-has-2-76-million-stake-in-qep-resources-inc-qep/1857180.html.

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.

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).

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

Receive News & Ratings for QEP Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QEP Resources and related companies with MarketBeat.com's FREE daily email newsletter.