Which insiders are buying QEP Resources, Inc. (QEP)?

QEP Resources, Inc. (NYSE:QEP) marched up 47.29% compared to a 52-week low price of $7.02. The shares were last seen trading 7.04% higher, taking the closing price at $10.34 on 12/01/2017. At recent session, the prices were hovering between $9.89 and $10.62. This company shares are 33.46% off its target price of $13.8 and the current market capitalization stands at $2.49B. The recent change has given its price a 16.67% lead over SMA 50 and -51.04% deficit over its 52-week high. The stock witnessed 8.16% gains, 37.5% gains and 6.05% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found QEP’s volatility during a week at 4.47% and during a month it has been found around 4.69%.

QEP Resources, Inc. (QEP) Top Holders

Institutional investors currently hold around $2.35 billion or 95% in QEP stock. Look at its top three institutional owners. Blackrock Inc. owns $214.83 million in QEP Resources, Inc., which represents roughly 8.63% of the company’s market cap and approximately 9.15% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 20,197,113 shares of the stock are valued at $208.84 million. The third largest holder is Millennium Management Llc, which currently holds $133.93 million worth of this stock and that ownership represents nearly 5.38% of its market capitalization.

QEP Resources, Inc. 13F Filings

At the end of 9/30/2017 reporting period, 156 institutional holders increased their position in QEP Resources, Inc. (NYSE:QEP) by some 44,748,749 shares, 131 decreased positions by 44,221,073 and 41 held positions by 137,973,224. That puts total institutional holdings at 226,943,046 shares, according to SEC filings. The stock grabbed 45 new institutional investments totaling 8,495,778 shares while 47 institutional investors sold out their entire positions totaling 7,213,246 shares.

QEP Resources, Inc. (NYSE:QEP) Insider Trades

Multiple company employees have indulged in significant insider trading. QEP Resources, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Trice David A has acquired 25,000 shares of QEP Resources, Inc. (QEP) in trading session dated Aug. 17, 2017. These shares are worth $180,000 and were traded at $7.2 each. The SEC filing shows that Baker Phillips S Jr performed a purchase of 7,000 shares. The Director added these shares by way of transaction on Jul. 28, 2017. The company’s shares were assimilated at $8.29 per share worth to an investment of some $58,030 on account of Baker Phillips S Jr.

EVP, CFO, Doleshek Richard J, purchased 12,500 common shares of QEP Resources, Inc. (QEP) in the open market. In a transaction dated Jul. 28, 2017, the shares were bought at an average price of $7.91, giving away a sum of $98,875. After this purchase, 308,190 common shares of QEP are directly owned by the insider, with total stake valued at $3,186,685.

In the transaction dated Jul. 28, 2017, the great number of shares acquired came courtesy the Director; Dill Julie added a total of 5,000 shares at an average price of $8.49, amounting to approximately $42,450. The insider now directly owns 5,525 shares worth $57,129.

QEP Resources, Inc. (QEP) Analyst Guide

Several analysts have released their opinion on QEP Resources, Inc. (NYSE:QEP), with 9 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.

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