New Mexico Educational Retirement Board purchased a new stake in shares of QEP Resources Inc (NYSE:QEP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,500 shares of the pipeline company’s stock, valued at approximately $569,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS bought a new stake in QEP Resources during the fourth quarter valued at about $100,000. Savant Capital LLC bought a new stake in QEP Resources during the fourth quarter valued at about $108,000. Southport Management L.L.C. bought a new stake in QEP Resources during the third quarter valued at about $171,000. Bbva Compass Bancshares Inc. bought a new stake in QEP Resources during the third quarter valued at about $178,000. Finally, State of Alaska Department of Revenue bought a new stake in QEP Resources during the fourth quarter valued at about $178,000. Institutional investors own 90.41% of the company’s stock.
Shares of QEP Resources Inc (NYSE QEP) opened at $8.60 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.54. QEP Resources Inc has a one year low of $7.02 and a one year high of $14.52. The firm has a market cap of $2,070.00, a PE ratio of -143.33, a P/E/G ratio of 10.75 and a beta of 1.72.
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QEP Resources Company Profile
QEP Resources, Inc is an independent crude oil and natural gas exploration and production company. The Company focuses on two regions of the United States: the Northern Region (primarily in North Dakota, Wyoming and Utah) and the Southern Region (primarily in Texas and Louisiana). The Company conducts exploration and production activities in North America’s hydrocarbon resource plays.
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