Virtus Investment Advisers Exits Position in QEP Resources Inc (QEP)

QEP Resources Inc (QEP) : Virtus Investment Advisers 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 Nov 14, 2016 with the SEC. The investment management company has sold out 5,300 shares of QEP Resources Inc which is valued at $90,683.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in QEP in the latest quarter, The investment management firm added 52,587 additional shares and now holds a total of 64,515 shares of QEP Resources Inc which is valued at $1,109,013. QEP Resources Inc makes up approx 0.01% of Raymond James Financial Services Advisors’s portfolio. Trexquant Investment Lp sold out all of its stake in QEP during the most recent quarter. The investment firm sold 117,500 shares of QEP which is valued $2,016,300. Peregrine Capital Management added QEP to its portfolio by purchasing 1,096,965 company shares during the most recent quarter which is valued at $17,726,954. QEP Resources Inc makes up approx 0.49% of Peregrine Capital Management’s portfolio.Capital Fund Management S.a. boosted its stake in QEP in the latest quarter, The investment management firm added 22,947 additional shares and now holds a total of 260,465 shares of QEP Resources Inc which is valued at $4,209,114. QEP Resources Inc makes up approx 0.08% of Capital Fund Management S.a.’s portfolio.

QEP Resources Inc closed down -0.38 points or -2.18% at $17.02 with 53,43,728 shares getting traded on Monday. Post opening the session at $17.57, the shares hit an intraday low of $16.97 and an intraday high of $17.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, QEP Resources Inc reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $-0.23. The company had revenue of $382.40 million for the quarter, compared to analysts expectations of $359.35 million. The company’s revenue was down -24.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

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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