Everence Capital Management Inc Exits Position in QEP Resources Inc (QEP)

QEP Resources Inc (QEP) : Everence Capital Management Inc has sold out all of its stake in QEP Resources Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 12,478 shares of QEP Resources Inc which is valued at $198,026.

QEP Resources Inc opened for trading at $16.44 and hit $17.11 on the upside on Wednesday, eventually ending the session at $16.85, with a gain of 4.01% or 0.65 points. The heightened volatility saw the trading volume jump to 74,06,321 shares. Company has a market cap of $2,978 M.

Other Hedge Funds, Including , Advisory Services Network added QEP to its portfolio by purchasing 66 company shares during the most recent quarter which is valued at $1,047.Gemmer Asset Management reduced its stake in QEP by selling 195 shares or 59.63% in the most recent quarter. The Hedge Fund company now holds 132 shares of QEP which is valued at $1,922.Oakbrook Investments boosted its stake in QEP in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 17,000 shares of QEP Resources Inc which is valued at $247,520. QEP Resources Inc makes up approx 0.02% of Oakbrook Investments’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in QEP in the latest quarter, The investment management firm added 61,852 additional shares and now holds a total of 149,554 shares of QEP Resources Inc which is valued at $2,156,569. QEP Resources Inc makes up approx 0.89% of Thompson Rubinstein Investment Management Inc Or’s portfolio.

On the company’s financial health, QEP Resources Inc reported $-0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.60. The company had revenue of $261.30 million for the quarter, compared to analysts expectations of $426.20 million. The company’s revenue was down -44.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on QEP Resources Inc. QEP Resources Inc was Initiated by JP Morgan to “Overweight” on Apr 12, 2016. QEP Resources Inc was Initiated by KLR Group to “Buy” on Mar 16, 2016.

QEP Resources Inc. (QEP) is a holding company with two subsidiaries QEP Energy Company and QEP Marketing Company which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy) and oil and gas marketing operation of the Haynesville Gathering System and an underground gas storage facility (QEP Marketing and Other). The Company’s operations are focused in two geographic regions: the Northern Region (primarily in Wyoming North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP Energy Company conducts exploration and production (E&P) activities in several of North America’s hydrocarbon resource plays. QEP Marketing Company provides wholesale marketing and sales of affiliate and third-party gas oil and natural gas liquids (NGL).

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