As Qep Res Inc (NYSE:QEP) Price Declined, Talara Capital Management Llc Upped Its Position

May 17, 2018 - By Mary Kidd

During 2017 Q4 the big money sentiment decreased to 1.03. That’s change of 0.20, from 2017Q3’s 1.23. 33 investors sold all, 83 reduced holdings as QEP ratio worsened. 81 rose stakes while 38 funds acquired stakes. Funds hold 207.43 million shares thus 5.41% less from 2017Q3’s 219.29 million shares. Schroder Invest Mgmt Grp Inc holds 1.16M shs or 0.02% of its capital. State Of New Jersey Common Pension Fund D owns 160,000 shs. Texas Permanent School Fund has invested 0.02% of its capital in QEP Resources, Inc. (NYSE:QEP). Amalgamated Bancshares invested in 0.01% or 46,653 shs. Sg Americas Secs Ltd Limited Liability Company holds 0.02% or 190,515 shs in its capital. Whittier Trust Co Of Nevada holds 0% in QEP Resources, Inc. (NYSE:QEP) or 3,300 shs. 159,048 are owned by Systematic Mgmt Limited Partnership. Manufacturers Life Ins Company The has 398,201 shs for 0% of their capital. Ls Inv Advisors Limited Liability has invested 0.01% of its capital in QEP Resources, Inc. (NYSE:QEP). Fmr Limited reported 458,700 shs. Moreover, Barclays Public Ltd has 0% invested in QEP Resources, Inc. (NYSE:QEP) for 70,504 shs. Kornitzer Capital Mngmt Ks reported 10,435 shs. Savant Cap owns 11,288 shs or 0.02% of their US capital. Legal And General Public Limited reported 385,749 shs or 0% of all its holdings. Tower Ltd Liability Corp (Trc) stated it has 1,797 shs or 0% of all its holdings.

QEP registered $90,000 net activity with 1 buying transaction and 0 insider sales since March 8, 2018.

Based on the latest 2018Q1 regulatory filling from the SEC, Talara Capital Management Llc increased its stake in Qep Res Inc (NYSE:QEP) by 42.33%. Qep Res Inc (NYSE:QEP) declined 2.19% with the market as Talara Capital Management Llc bought 1.20 million shares. In 2018Q1, Talara Capital Management Llc held 4.04 million shares of Qep Res Inc (NYSE:QEP), priced at $39.59M, up from 2.84M last quarter. It decreased position by shares to shares, and cut its stake.

Talara Capital Management Llc is a New York-based hedge fund that was founded by David Zusman. It had more than $249.36 million assets under management in July, 2014. Taken from Talara Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

A total of 14 analysts rate QEP Resources (NYSE:QEP) as follows: 6 “Buy”, 7 “Hold” and 1 “Sell”. Тherefore 43% are bullish. (NYSE:QEP) has 22 ratings reports on 17 May 2018 according to StockzIntelligence. On Friday, March 9 the firm has “Hold” rating given by FBR Capital. The company rating was maintained by BMO Capital Markets on Thursday, January 11. On Thursday, April 26 the stock has “Buy” rating by Williams Capital Group. On Monday, February 5 FBR Capital initiated QEP Resources, Inc. (NYSE:QEP) rating. FBR Capital has “Hold” rating and $10.5 target. On Tuesday, April 24 JP Morgan maintained QEP Resources, Inc. (NYSE:QEP) with “Neutral” rating. On Tuesday, January 16 the firm has “Buy” rating given by Mizuho. On Wednesday, March 14 the stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given by Piper Jaffray. On Tuesday, May 1 the rating was downgraded by PiperJaffray to “Neutral”. On Thursday, March 1 the rating was maintained by Williams Capital Group with “Buy”. On Monday, March 5 JP Morgan maintained the shares of QEP in report with “Neutral” rating.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States.The company has $3.09 billion market cap. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.Currently it has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

QEP Resources, Inc. (NYSE:QEP) Institutional Investors Chart

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