QEP Resources Inc (NYSE:QEP) Shares Sold by Walthausen & Co. LLC

Walthausen & Co. LLC lessened its stake in shares of QEP Resources Inc (NYSE:QEP) by 46.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 478,660 shares of the pipeline company’s stock after selling 423,370 shares during the quarter. Walthausen & Co. LLC’s holdings in QEP Resources were worth $2,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. NumerixS Investment Technologies Inc lifted its stake in shares of QEP Resources by 11.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 44,000 shares of the pipeline company’s stock worth $198,000 after acquiring an additional 4,500 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of QEP Resources by 16.9% in the fourth quarter. ProShare Advisors LLC now owns 39,103 shares of the pipeline company’s stock worth $176,000 after acquiring an additional 5,662 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of QEP Resources by 9.6% in the fourth quarter. Bank of Montreal Can now owns 96,238 shares of the pipeline company’s stock worth $434,000 after acquiring an additional 8,422 shares in the last quarter. Swiss National Bank lifted its stake in shares of QEP Resources by 2.0% in the fourth quarter. Swiss National Bank now owns 455,442 shares of the pipeline company’s stock worth $2,049,000 after acquiring an additional 8,800 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of QEP Resources by 2.4% in the third quarter. California State Teachers Retirement System now owns 394,293 shares of the pipeline company’s stock worth $1,459,000 after acquiring an additional 9,356 shares in the last quarter.

In other news, Director Joseph N. Jaggers acquired 23,500 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.16 per share, for a total transaction of $50,760.00. Following the completion of the purchase, the director now directly owns 39,924 shares of the company’s stock, valued at approximately $86,235.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Cutt acquired 23,364 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.19 per share, for a total transaction of $51,167.16. Following the purchase, the chief executive officer now directly owns 252,141 shares of the company’s stock, valued at $552,188.79. The disclosure for this purchase can be found here. Insiders have acquired 96,864 shares of company stock worth $207,427 in the last 90 days. 1.71% of the stock is currently owned by insiders.

Several research analysts recently commented on the company. Wells Fargo & Co reiterated a “hold” rating on shares of QEP Resources in a research note on Thursday, March 19th. Raymond James cut QEP Resources to a “sell” rating in a research note on Tuesday, March 17th. Stephens cut QEP Resources from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $5.00 to $1.00 in a research note on Friday, March 20th. Siebert Williams Shank cut QEP Resources from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $1.00 price target on shares of QEP Resources in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. QEP Resources currently has an average rating of “Hold” and a consensus target price of $5.23.

NYSE QEP traded down $0.03 on Thursday, hitting $0.40. 6,285,819 shares of the stock traded hands, compared to its average volume of 9,261,793. The stock has a 50-day moving average of $1.81 and a 200 day moving average of $3.20. QEP Resources Inc has a twelve month low of $0.38 and a twelve month high of $8.47. The company has a market capitalization of $102.22 million, a P/E ratio of -0.97 and a beta of 2.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

QEP Resources (NYSE:QEP) last announced its quarterly earnings data on Wednesday, February 26th. The pipeline company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.18). QEP Resources had a negative net margin of 8.07% and a positive return on equity of 0.44%. The firm had revenue of $321.90 million for the quarter, compared to analyst estimates of $329.18 million. As a group, equities research analysts expect that QEP Resources Inc will post 0.36 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 20.02%. The ex-dividend date of this dividend was Thursday, March 5th.

About QEP Resources

QEP Resources, Inc operates as a crude oil and natural gas exploration and production company in the United States. The company conducts exploration and production activities in the Permian Basin in Western Texas; and Williston Basin in North Dakota. As of December 31, 2018, it had estimated proved reserves of approximately 658.2 MMboe.

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

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