QEP Resources (QEP) Reaches $7.55 After 6.00% Up Move; Sequoia Financial Advisors Has Lowered Symantec (SYMC) Stake By $2.67 Million

September 12, 2017 - By Louis Casey

The stock of QEP Resources Inc (NYSE:QEP) is a huge mover today! About 823,559 shares traded. QEP Resources Inc (NYSE:QEP) has declined 34.57% since September 12, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.The move comes after 6 months positive chart setup for the $1.82 billion company. It was reported on Sep, 12 by Barchart.com. We have $8.00 PT which if reached, will make NYSE:QEP worth $109.20 million more.

Sequoia Financial Advisors Llc decreased Symantec Corp (SYMC) stake by 92.72% reported in 2016Q4 SEC filing. Sequoia Financial Advisors Llc sold 116,191 shares as Symantec Corp (SYMC)’s stock rose 0.76%. The Sequoia Financial Advisors Llc holds 9,120 shares with $218,000 value, down from 125,311 last quarter. Symantec Corp now has $20.18B valuation. The stock rose 0.27% or $0.09 reaching $32.84. About 1.27 million shares traded. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since September 12, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.




Investors sentiment increased to 1.3 in 2016 Q4. Its up 0.25, from 1.05 in 2016Q3. It increased, as 36 investors sold QEP Resources Inc shares while 103 reduced holdings. 49 funds opened positions while 104 raised stakes. 211.96 million shares or 0.85% more from 210.18 million shares in 2016Q3 were reported. Commonwealth National Bank Of Aus invested 0.01% in QEP Resources Inc (NYSE:QEP). Brown Brothers Harriman has invested 0% in QEP Resources Inc (NYSE:QEP). Wealthtrust reported 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Elm Ridge Mngmt Limited Liability Corp invested 2.22% in QEP Resources Inc (NYSE:QEP). Moreover, Advisory Rech Inc has 0% invested in QEP Resources Inc (NYSE:QEP) for 12,850 shares. Highbridge Cap Ltd Liability owns 1.31M shares. Citadel Advisors Ltd has 2.85M shares. Blackrock Fund has invested 0.03% of its portfolio in QEP Resources Inc (NYSE:QEP). Thrivent For Lutherans owns 41,060 shares. Thompson Rubinstein Investment Management Or has invested 1.01% in QEP Resources Inc (NYSE:QEP). Northcoast Asset Mgmt Ltd accumulated 32,264 shares. Bluefin Trading Ltd holds 107,872 shares or 0.12% of its portfolio. Denver Inv Advisors Limited Liability Corp has invested 0.03% in QEP Resources Inc (NYSE:QEP). Frontier Cap Comm Llc invested 0.22% of its portfolio in QEP Resources Inc (NYSE:QEP). Moreover, Wells Fargo & Company Mn has 0.01% invested in QEP Resources Inc (NYSE:QEP) for 926,946 shares.

QEP Resources, Inc. is an independent natural gas and crude oil exploration and production company. The company has market cap of $1.82 billion. The Firm focuses on two regions of the United States: the Northern Region and the Southern Region (primarily in Texas and Louisiana). It currently has negative earnings. The Firm conducts exploration and production activities in North America’s hydrocarbon resource plays.

Among 21 analysts covering QEP Resources (NYSE:QEP), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. QEP Resources had 41 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of QEP Resources Inc (NYSE:QEP) has “Buy” rating given on Tuesday, July 18 by Cowen & Co. The firm has “Buy” rating by Deutsche Bank given on Tuesday, June 14. The company was downgraded on Tuesday, March 21 by Mizuho. On Thursday, July 21 the stock rating was initiated by FBR Capital with “Mkt Perform”. BMO Capital Markets upgraded QEP Resources Inc (NYSE:QEP) on Monday, July 18 to “Outperform” rating. Evercore initiated the stock with “Hold” rating in Friday, October 7 report. The stock of QEP Resources Inc (NYSE:QEP) earned “Buy” rating by Deutsche Bank on Wednesday, December 9. Goldman Sachs upgraded the stock to “Buy” rating in Thursday, November 19 report. The rating was initiated by Cantor Fitzgerald with “Buy” on Wednesday, December 23. As per Friday, February 10, the company rating was upgraded by Wells Fargo.

Since April 3, 2017, it had 0 insider buys, and 10 sales for $4.65 million activity. The insider Sands Anita M sold $60,326. The insider Cappellanti-Wolf Amy L. sold 3,741 shares worth $111,890. Another trade for 11,397 shares valued at $342,626 was sold by Garfield Mark S.. 47,344 Symantec Corporation (NASDAQ:SYMC) shares with value of $1.43 million were sold by Rosch Francis C. Divol Roxane also sold $560,916 worth of Symantec Corporation (NASDAQ:SYMC) shares. Another trade for 13,000 shares valued at $421,805 was sold by TAYLOR SCOTT C. On Monday, April 3 LAYBOURNE GERALDINE B sold $217,671 worth of Symantec Corporation (NASDAQ:SYMC) or 7,200 shares.

Sequoia Financial Advisors Llc increased Allegheny Technologies Inc (NYSE:ATI) stake by 92,397 shares to 165,323 valued at $2.63 million in 2016Q4. It also upped Spdr Index Shs Fds (GNR) stake by 137,358 shares and now owns 957,212 shares. Coca Cola Co (NYSE:KO) was raised too.

Investors sentiment increased to 0.95 in Q4 2016. Its up 0.14, from 0.81 in 2016Q3. It increased, as 43 investors sold SYMC shares while 192 reduced holdings. 50 funds opened positions while 142 raised stakes. 554.75 million shares or 0.62% more from 551.32 million shares in 2016Q3 were reported. Profit Inv Mgmt Ltd Liability Corporation has invested 0.34% in Symantec Corporation (NASDAQ:SYMC). Capstone Asset Management holds 52,323 shares. Schroder Inv Mngmt Grp owns 0.13% invested in Symantec Corporation (NASDAQ:SYMC) for 2.86 million shares. 26,923 are held by Ngam Advisors Lp. Burney reported 11,962 shares stake. Mckinley Management Limited Liability Corporation Delaware owns 1,140 shares. British Columbia Inv Management Corp stated it has 0.06% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Salem Invest Counselors Incorporated holds 0% or 112 shares. Aberdeen Asset Management Public Ltd Co Uk invested 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC). 1.05M are held by Nordea Inv Management. Retirement Of Alabama holds 0.04% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 295,486 shares. Driehaus Cap Mngmt Lc stated it has 19,489 shares. Weiss Asset Management Lp has invested 0.03% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Arrow Advsr Ltd invested in 11,887 shares. Jefferies Grp Ltd Com, a New York-based fund reported 199,117 shares.

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