The Hedge Fund Talara Capital Management Llc Upped its Position in Qep Res Inc (NYSE:QEP) by $10.82 Million

May 17, 2018 - By Samuel McNeil

During 2017 Q4 the big money sentiment decreased to 1.03. That’s change of 0.20, from 2017Q3’s 1.23. 33 investors sold all, 83 reduced holdings as QEP ratio turned negative. 81 increased holdings while 38 funds bought holdings. Funds hold 207.43 million shares thus 5.41% less from 2017Q3’s 219.29 million shares. Riverhead Mngmt Ltd Co has 303,705 shs. Earnest Prtn Limited Liability Company reported 262 shs stake. Hsbc Public Ltd has invested 0% of its capital in QEP Resources, Inc. (NYSE:QEP). State Treasurer State Of Michigan invested in 0.01% or 86,600 shs. Amalgamated Retail Bank holds 46,653 shs or 0.01% of its capital. Schwab Charles Investment Mgmt owns 1.11M shs. Advisory Network Limited Company accumulated 381 shs or 0% of the stock. Frontier Capital Ltd owns 2.86M shs for 0.2% of their capital. Oppenheimer Asset Management has invested 0.01% in QEP Resources, Inc. (NYSE:QEP). Clear Harbor Asset Limited Liability Corp has 90,488 shs for 0.16% of their capital. Leucadia invested 0.02% in QEP Resources, Inc. (NYSE:QEP). Morgan Stanley accumulated 731,822 shs. Neuberger Berman Grp Ltd Liability holds 20,670 shs. Swiss Savings Bank, Switzerland-based fund reported 415,742 shs. Franklin Resource invested in 25,405 shs.

QEP had 0 selling transactions and 1 buying transaction since March 8, 2018. This’s net activity of $90,000.

According to 2018Q1 SEC regulatory filling Talara Capital Management Llc upped its holdings 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 is holding 4.04 million shares, compared to 2.84M last quarter. The reported value is $39.59 million. It decreased position by shares to shares, and cut its stake.

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

A total of 14 analysts rate QEP Resources (NYSE:QEP) as follows: 6 “Buy”, 7 “Hold” and 1 “Sell”. Тherefore 43% are bullish. (NYSE:QEP) has 22 ratings reports on 17 May 2018 according to StockzIntelligence. On Tuesday, April 24 the company was maintained by JP Morgan. The stock rating was upgraded by Mizuho to “Buy” on Tuesday, November 21. On Monday, April 23 the firm earned “Buy” rating by Stifel Nicolaus. On Thursday, April 26 the stock of QEP Resources, Inc. (NYSE:QEP) earned “Buy” rating by Williams Capital Group. In Tuesday, January 16 report Mizuho maintained it with “Buy” rating and $15.0 target. In Wednesday, March 14 report Piper Jaffray maintained the stock with “Buy” rating. On Thursday, March 1 the stock of QEP Resources, Inc. (NYSE:QEP) has “Buy” rating given by Williams Capital Group. On Monday, April 16 the stock has “Hold” rating by SunTrust. On Tuesday, April 24 the stock of QEP Resources, Inc. (NYSE:QEP) has “Hold” rating given by Stephens. On Monday, March 5 the firm has “Neutral” rating given by JP Morgan.

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 valued at $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.Last it reported 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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