QEP Resources Inc (QEP) Holdings Reduced by Teachers Advisors LLC

Teachers Advisors LLC reduced its stake in QEP Resources Inc (NYSE:QEP) by 1.7% during the 3rd quarter, Holdings Channel reports. The firm owned 292,702 shares of the pipeline company’s stock after selling 4,993 shares during the period. Teachers Advisors LLC’s holdings in QEP Resources were worth $3,313,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of QEP Resources by 298.0% in the third quarter. Tower Research Capital LLC TRC now owns 10,550 shares of the pipeline company’s stock valued at $119,000 after acquiring an additional 7,899 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of QEP Resources during the third quarter worth $284,000. Rafferty Asset Management LLC lifted its holdings in shares of QEP Resources by 26.8% during the third quarter. Rafferty Asset Management LLC now owns 26,448 shares of the pipeline company’s stock worth $299,000 after purchasing an additional 5,592 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of QEP Resources during the third quarter worth $454,000. Finally, United Services Automobile Association lifted its holdings in shares of QEP Resources by 17.7% during the third quarter. United Services Automobile Association now owns 43,330 shares of the pipeline company’s stock worth $491,000 after purchasing an additional 6,516 shares during the period. Institutional investors own 99.22% of the company’s stock.

QEP has been the subject of several recent research reports. Zacks Investment Research raised QEP Resources from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Friday, November 30th. Oppenheimer reaffirmed a “buy” rating on shares of QEP Resources in a report on Friday, October 19th. Williams Capital set a $15.00 price target on QEP Resources and gave the stock a “buy” rating in a report on Wednesday, November 7th. Tudor Pickering raised QEP Resources from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, Raymond James set a $12.00 price target on QEP Resources and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. QEP Resources currently has an average rating of “Hold” and an average target price of $13.07.

NYSE:QEP opened at $8.02 on Wednesday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 1.88 and a beta of 2.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.35 and a quick ratio of 0.35. QEP Resources Inc has a 1 year low of $5.00 and a 1 year high of $13.77.

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QEP Resources Company Profile

QEP Resources, Inc, through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in western Texas, Williston Basin in North Dakota, Haynesville/Cotton Valley in northwestern Louisiana, Uinta Basin in eastern Utah, and other proven properties in Wyoming, Utah, and Colorado.

Read More: What impact do institutional investors have on markets?

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

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