Talara Capital Management Llc Upped Its Position in Qep Res Inc (NYSE:QEP) by $10.82 Million as Price Declined

May 17, 2018 - By Michele Cranor

Big Money Sentiment decreased to 1.03 in 2017 Q4. It has change of 0.20, from 2017Q3’s 1.23. The ratio fall due to QEP positioning: 33 sold and 83 reduced. 38 funds bought stakes and 81 increased stakes. Investors holded 219.29 million in 2017Q3 but now own 207.43 million shares or 5.41% less. Corecommodity Management Lc has 78,976 shs. Piedmont Invest Advisors Lc has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Asset Mgmt Incorporated owns 0.01% invested in QEP Resources, Inc. (NYSE:QEP) for 17,657 shs. State Of Alaska Department Of Revenue reported 0% in QEP Resources, Inc. (NYSE:QEP). Invesco holds 0.03% or 9.26M shs. Northern Tru reported 0% stake. 159,048 were accumulated by Systematic Mngmt Lp. Regions Fincl Corporation stated it has 8,936 shs. Bluecrest Cap invested in 167,197 shs. Artemis Mngmt Limited Liability Partnership invested 0.13% of its capital in QEP Resources, Inc. (NYSE:QEP). Dimensional Fund Advsrs L P accumulated 10.81 million shs. Prudential Fin has 0.05% invested in QEP Resources, Inc. (NYSE:QEP). Cushing Asset Mgmt L P invested 0.09% of its capital in QEP Resources, Inc. (NYSE:QEP). Liberty Mutual Grp Inc Asset Mgmt holds 0.02% or 61,053 shs in its capital. Macquarie Gp reported 13,980 shs.

QEP registered $90,000 net activity with 1 insider purchase and 0 sales since March 8, 2018.

According to 2018Q1 SEC form Talara Capital Management Llc upped its stake in Qep Res Inc (NYSE:QEP) by 42.33%. 1.20M shares were bought by Talara Capital Management Llc as Qep Res Inc (NYSE:QEP) stock declined 2.19% with the market. Talara Capital Management Llc’s position was valued at $39.59M for 4.04M shares. It’s up from 2.84 million last quarter. Talara Capital Management Llc cut its stake in and reduced position by shares for a total of shares.

Talara Capital Management Llc is a New York-based hedge fund that was founded by David Zusman. It had more than $249.36 million assets under management in July, 2014. Taken from Talara Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

In total 14 analysts cover QEP Resources (NYSE:QEP). “Buy” rating has 6, “Sell” are 1, while 7 are “Hold”. 43% are bullish. 22 are the (NYSE:QEP)’s analyst reports since November 21, 2017 according to StockzIntelligence Inc. On Wednesday, March 14 the firm has “Buy” rating by Piper Jaffray given. On Monday, April 16 the company was maintained by SunTrust. On Tuesday, November 21 Mizuho upgraded the shares of QEP in report to “Buy” rating. In Monday, April 23 report Stifel Nicolaus maintained the stock with “Buy” rating. The company rating was maintained by BMO Capital Markets on Thursday, January 11. On Tuesday, February 6 the rating was maintained by SunTrust with “Hold”. In Tuesday, April 24 report Stephens maintained it with “Hold” rating and $1200 target. On Tuesday, May 1 the stock has “Neutral” rating by PiperJaffray. On Thursday, April 26 Williams Capital Group maintained QEP Resources, Inc. (NYSE:QEP) with “Buy” rating. On Wednesday, April 11 the rating was maintained by BMO Capital Markets with “Buy”.

QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production firm in the United States.The firm is worth $3.09 billion. The firm conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado.Currently it has negative earnings. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe.

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

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