Jvl Advisors L.l.c. buys $80 Million stake in QEP Resources Inc (QEP)

QEP Resources Inc (QEP) : Jvl Advisors L.l.c. scooped up 482,100 additional shares in QEP Resources Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,597,089 shares of QEP Resources Inc which is valued at $80 Million.QEP Resources Inc makes up approximately 20.10% of Jvl Advisors L.l.c.’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in QEP in the latest quarter, The investment management firm added 19,700 additional shares and now holds a total of 290,600 shares of QEP Resources Inc which is valued at $5.1 Million. QEP Resources Inc makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Cipher Capital Lp boosted its stake in QEP in the latest quarter, The investment management firm added 33,147 additional shares and now holds a total of 49,865 shares of QEP Resources Inc which is valued at $868,150. QEP Resources Inc makes up approx 0.08% of Cipher Capital Lp’s portfolio.State Treasurer State Of Michigan boosted its stake in QEP in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 76,200 shares of QEP Resources Inc which is valued at $1.3 Million. QEP Resources Inc makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Neuberger Berman Group boosted its stake in QEP in the latest quarter, The investment management firm added 3,294 additional shares and now holds a total of 20,519 shares of QEP Resources Inc which is valued at $347,181.

QEP Resources Inc opened for trading at $17.4 and hit $18.35 on the upside on Friday, eventually ending the session at $18.28, with a gain of 5.85% or 1.01 points. The heightened volatility saw the trading volume jump to 52,71,938 shares. Company has a market cap of $3,962 M.

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 Upgraded by Raymond James to ” Strong Buy” on Apr 29, 2016. 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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