Qep Res INC (QEP) Position Increased by Caymus Capital Partners Lp

August 11, 2017 - By Vivian Park

Investors sentiment decreased to 1.1 in 2016 Q4. Its down 0.13, from 1.23 in 2016Q3. It turned negative, as 36 investors sold QEP shares while 103 reduced holdings. 49 funds opened positions while 104 raised stakes. 211.96 million shares or 0.85% more from 210.18 million shares in 2016Q3 were reported. Carroll holds 4,000 shares or 0.01% of its portfolio. Legal General Group Public Limited Company invested 0% of its portfolio in QEP Resources Inc (NYSE:QEP). Nokomis Limited Liability Company reported 0.54% of its portfolio in QEP Resources Inc (NYSE:QEP). Piedmont Invest Ltd Limited Liability Company invested in 4,500 shares or 0% of the stock. Citigroup owns 23,722 shares. Mitchell Group Inc stated it has 1.96% in QEP Resources Inc (NYSE:QEP). 1,570 were accumulated by Parallax Volatility Advisers Ltd Partnership. New England Rech Mgmt Inc accumulated 18,800 shares. First Trust Advsrs LP has 917,199 shares for 0.05% of their portfolio. Asset Mngmt Inc has 0.01% invested in QEP Resources Inc (NYSE:QEP) for 16,884 shares. Moreover, Bluefin Trading Ltd Liability Corp has 0.12% invested in QEP Resources Inc (NYSE:QEP) for 107,872 shares. 41,060 are held by Thrivent Finance For Lutherans. Css Ltd Liability Co Il reported 0.02% in QEP Resources Inc (NYSE:QEP). Guggenheim Cap Llc invested in 0.01% or 214,665 shares. Van Eck Associate stated it has 31,676 shares or 0% of all its holdings.

Since February 24, 2017, it had 1 insider buy, and 0 insider sales for $99,470 activity. $99,470 worth of QEP Resources Inc (NYSE:QEP) shares were bought by BAKER PHILLIPS S JR.

Caymus Capital Partners Lp increased its stake in Qep Res Inc (QEP) by 11.02% based on its latest 2016Q4 regulatory filing with the SEC. Caymus Capital Partners Lp bought 458,000 shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund held 4.61 million shares of the energy company at the end of 2016Q4, valued at $84.95M, up from 4.16 million at the end of the previous reported quarter. Caymus Capital Partners Lp who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $1.75 billion market cap company. The stock rose 0.76% or $0.06 reaching $7.3 per share. About 2.13M shares traded. QEP Resources Inc (NYSE:QEP) has declined 34.57% since August 11, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Caymus Capital Partners Lp, which manages about $377.99M and $906.10 million US Long portfolio, decreased its stake in Noble Energy Inc (NYSE:NBL) by 161,300 shares to 1.18M shares, valued at $45.02M in 2016Q4, according to the filing. It also reduced its holding in Cabot Oil & Gas Corp (NYSE:COG) by 387,300 shares in the quarter, leaving it with 294,800 shares, and cut its stake in Pioneer Nat Res Co (NYSE:PXD).

More notable recent QEP Resources Inc (NYSE:QEP) news were published by: Bizjournals.com which released: “Denver energy company selling Wyoming assets for $777 million” on July 25, 2017, also Seekingalpha.com with their article: “QEP Resources: Questionable Acquisition And Something More Concerning” published on August 01, 2017, Seekingalpha.com published: “QEP Resources: Imminent And Longer Term Catalysts” on July 22, 2017. More interesting news about QEP Resources Inc (NYSE:QEP) were released by: Reuters.com and their article: “QEP Resources to sell Wyoming natgas assets for about $740 million” published on July 24, 2017 as well as Nasdaq.com‘s news article titled: “QEP Resources (QEP) Q2 Loss Lower than Expected, Sales Miss” with publication date: July 28, 2017.

QEP Resources Inc (NYSE:QEP) Ratings Coverage

Among 21 analysts covering QEP Resources (NYSE:QEP), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. QEP Resources had 40 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by Evercore with “Hold” on Friday, October 7. The stock of QEP Resources Inc (NYSE:QEP) has “Buy” rating given on Thursday, October 6 by Mizuho. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, December 23. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, October 6 report. The stock has “Outperform” rating by FBR Capital on Tuesday, January 3. The firm has “Buy” rating given on Wednesday, March 16 by KLR Group. The stock has “Buy” rating by Goldman Sachs on Thursday, November 19. The stock of QEP Resources Inc (NYSE:QEP) earned “Outperform” rating by BMO Capital Markets on Monday, July 18. The rating was downgraded by Mizuho to “Neutral” on Tuesday, March 21. The stock has “Buy” rating by Deutsche Bank on Tuesday, June 14.

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