Schneider Capital Management Corp Position in Qep Resources INC (QEP) Decreased as Share Value Declined

May 27, 2018 - By Darrin Black

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.20, from 1.23 in 2017Q3. It dived, as 33 investors sold QEP shares while 83 reduced holdings. 38 funds opened positions while 81 raised stakes. 207.43 million shares or 5.41% less from 219.29 million shares in 2017Q3 were reported. 92 were reported by Cornerstone Advisors. Retirement Systems Of Alabama reported 1.06M shares stake. Monarch Management accumulated 18,825 shares. Wells Fargo And Mn reported 0.01% in QEP Resources, Inc. (NYSE:QEP). Walleye Trading Ltd Llc holds 105,248 shares or 0% of its portfolio. Brown Brothers Harriman accumulated 475 shares. Mutual Of America Management Limited Liability holds 199,693 shares. Texas Permanent School Fund owns 162,864 shares or 0.02% of their US portfolio. Moreover, Smith Asset Gru Lp has 0% invested in QEP Resources, Inc. (NYSE:QEP). Wellington Mngmt Ltd Liability Partnership accumulated 5.13M shares. Weaver C Barksdale And invested in 1,016 shares. Tortoise Advsrs Llc reported 68 shares. 10.18M were accumulated by Alliancebernstein L P. Metropolitan Life owns 68,977 shares for 0.01% of their portfolio. Envestnet Asset Mngmt Inc invested in 0% or 21,263 shares.

Since March 8, 2018, it had 1 insider buy, and 0 sales for $90,000 activity.

Schneider Capital Management Corp decreased its stake in Qep Resources Inc. (QEP) by 21.24% based on its latest 2017Q4 regulatory filing with the SEC. Schneider Capital Management Corp sold 881,324 shares as the company’s stock declined 2.19% with the market. The institutional investor held 3.27M shares of the energy company at the end of 2017Q4, valued at $31.28 million, down from 4.15 million at the end of the previous reported quarter. Schneider Capital Management Corp who had been investing in Qep Resources Inc. for a number of months, seems to be less bullish one the $2.88B market cap company. The stock decreased 6.75% or $0.88 during the last trading session, reaching $12.16. About 5.86 million shares traded or 28.08% up from the average. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since May 27, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

Analysts await QEP Resources, Inc. (NYSE:QEP) to report earnings on July, 25. They expect $-0.15 earnings per share, down 25.00 % or $0.03 from last year’s $-0.12 per share. After $-0.20 actual earnings per share reported by QEP Resources, Inc. for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

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

Among 14 analysts covering QEP Resources (NYSE:QEP), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. QEP Resources had 22 analyst reports since December 8, 2017 according to SRatingsIntel. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Hold” rating by SunTrust on Tuesday, February 6. The company was maintained on Tuesday, April 24 by Stephens. Stifel Nicolaus maintained QEP Resources, Inc. (NYSE:QEP) rating on Monday, April 23. Stifel Nicolaus has “Buy” rating and $1900 target. Williams Capital Group maintained QEP Resources, Inc. (NYSE:QEP) rating on Monday, May 21. Williams Capital Group has “Buy” rating and $1900 target. The firm has “Hold” rating given on Monday, February 5 by FBR Capital. JP Morgan maintained it with “Neutral” rating and $11 target in Tuesday, April 24 report. The stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given on Thursday, March 1 by Williams Capital Group. The firm has “Buy” rating by BMO Capital Markets given on Thursday, January 11. The rating was maintained by FBR Capital with “Hold” on Friday, March 9. The company was maintained on Wednesday, March 14 by Piper Jaffray.

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

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