Mackenzie Financial Corp Increases Position in QEP Resources Inc (QEP)

Mackenzie Financial Corp raised its position in shares of QEP Resources Inc (NYSE:QEP) by 43.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,268,689 shares of the pipeline company’s stock after buying an additional 995,450 shares during the period. Mackenzie Financial Corp owned approximately 1.36% of QEP Resources worth $41,545,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. AMP Capital Investors Ltd boosted its stake in shares of QEP Resources by 4.7% in the third quarter. AMP Capital Investors Ltd now owns 32,075 shares of the pipeline company’s stock worth $620,000 after buying an additional 1,449 shares during the period. TPH Asset Management LLC acquired a new stake in shares of QEP Resources during the third quarter worth about $273,000. SECOR Capital Advisors LP boosted its stake in shares of QEP Resources by 108.4% in the third quarter. SECOR Capital Advisors LP now owns 267,766 shares of the pipeline company’s stock worth $5,229,000 after buying an additional 139,307 shares during the period. Encompass Capital Advisors LLC boosted its stake in shares of QEP Resources by 45.0% in the third quarter. Encompass Capital Advisors LLC now owns 1,160,000 shares of the pipeline company’s stock worth $22,655,000 after buying an additional 360,000 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of QEP Resources by 1.7% in the third quarter. Advantus Capital Management Inc now owns 29,163 shares of the pipeline company’s stock worth $570,000 after buying an additional 491 shares during the period. 90.76% of the stock is owned by institutional investors.

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

Shares of QEP Resources Inc (NYSE QEP) traded down 3.93% on Thursday, hitting $9.30. 4,782,423 shares of the company traded hands. The firm’s market capitalization is $2.24 billion. The firm’s 50-day moving average is $11.03 and its 200 day moving average is $14.92. QEP Resources Inc has a 1-year low of $9.20 and a 1-year high of $21.12.

QEP Resources (NYSE:QEP) last announced its earnings results on Wednesday, April 26th. The pipeline company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.07. The business had revenue of $420.10 million during the quarter, compared to the consensus estimate of $402.16 million. QEP Resources had a net margin of 18.31% and a return on equity of 8.71%. The firm’s revenue was up 60.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) earnings per share. On average, analysts anticipate that QEP Resources Inc will post ($0.70) earnings per share for the current fiscal year.

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Several brokerages have weighed in on QEP. Wells Fargo & Co raised shares of QEP Resources from a “market perform” rating to an “outperform” rating in a research report on Friday, February 10th. FBR & Co set a $24.00 price target on shares of QEP Resources and gave the company a “buy” rating in a research report on Thursday, February 23rd. Deutsche Bank AG dropped their price target on shares of QEP Resources from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, March 7th. Mizuho cut shares of QEP Resources from a “buy” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Tuesday, March 21st. Finally, Stifel Nicolaus began coverage on shares of QEP Resources in a research report on Wednesday, April 12th. They set a “buy” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. QEP Resources currently has an average rating of “Buy” and an average price target of $21.64.

QEP Resources Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “QEP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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