As Qep Res INC (QEP) Stock Price Declined, Holder Key Group Holdings Cayman LTD Raised Its Stake

December 29, 2017 - By Clifton Ray

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It dived, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Northwestern Mutual Wealth accumulated 5,034 shares. Royal Bancorp Of Canada owns 196,859 shares or 0% of their US portfolio. Moreover, Cubist Systematic Strategies Ltd Liability Co has 0.06% invested in QEP Resources, Inc. (NYSE:QEP). Aperio Grp Ltd Llc holds 56,295 shares or 0% of its portfolio. Frontier Management Limited Com reported 3.11 million shares stake. Elm Ridge Mngmt Ltd Limited Liability Company has 504,317 shares. Cushing Asset Mgmt Lp invested in 0.11% or 414,000 shares. Hudson Bay Cap Mngmt LP holds 0.11% or 497,400 shares. Moreover, Tcw Group Inc has 0% invested in QEP Resources, Inc. (NYSE:QEP). Liberty Mutual Group Asset Mgmt holds 62,908 shares or 0.03% of its portfolio. 9,500 were reported by Fifth Third Comml Bank. New York State Common Retirement Fund owns 489,500 shares. State Of Wisconsin Investment Board stated it has 48,765 shares or 0% of all its holdings. Denver Invest Advisors Ltd Llc has 0.01% invested in QEP Resources, Inc. (NYSE:QEP). Quantitative Systematic Strategies Limited Liability Com reported 198,649 shares.

Key Group Holdings Cayman Ltd increased its stake in Qep Res Inc (QEP) by 155% based on its latest 2017Q3 regulatory filing with the SEC. Key Group Holdings Cayman Ltd bought 5.37M shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund held 8.83M shares of the energy company at the end of 2017Q3, valued at $75.68M, up from 3.46M at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.35 billion market cap company. The stock decreased 0.71% or $0.07 during the last trading session, reaching $9.76. About 714,799 shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since December 29, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Key Group Holdings Cayman Ltd, which manages about $1.99 billion and $919.48M US Long portfolio, decreased its stake in Rsp Permian Inc (NYSE:RSPP) by 392,300 shares to 70,200 shares, valued at $2.43 million in 2017Q3, according to the filing. It also reduced its holding in Consol Energy Inc (NYSE:CNX) by 1.35 million shares in the quarter, leaving it with 366,317 shares, and cut its stake in Eqt Corp (NYSE:EQT).

Another recent and important QEP Resources, Inc. (NYSE:QEP) news was published by Prnewswire.com which published an article titled: “This Morning’s Research Reports on Oil & Gas Pipelines Stocks — QEP Resources …” on December 29, 2017.

QEP Resources, Inc. (NYSE:QEP) Ratings Coverage

Among 23 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. QEP Resources had 52 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of QEP in report on Tuesday, November 14 with “Buy” rating. Cowen & Co maintained QEP Resources, Inc. (NYSE:QEP) on Tuesday, July 18 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 19 by Piper Jaffray. Cowen & Co maintained QEP Resources, Inc. (NYSE:QEP) rating on Friday, August 25. Cowen & Co has “Buy” rating and $12.0 target. The rating was initiated by UBS with “Neutral” on Thursday, March 23. On Tuesday, November 21 the stock rating was upgraded by Mizuho to “Buy”. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. The company was maintained on Wednesday, October 11 by Barclays Capital. As per Tuesday, November 7, the company rating was downgraded by Barclays Capital. BMO Capital Markets maintained QEP Resources, Inc. (NYSE:QEP) on Monday, June 26 with “Buy” rating.

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