Is QEP Resources Inc (QEP) A Good Stock To Buy?

Page 2 of 2

Due to the fact that QEP Resources Inc (NYSE:QEP) has witnessed declining sentiment from hedge fund managers, it’s easy to see that there were a few funds who sold off their positions entirely heading into fourth quarter. It’s worth mentioning that Clint Carlson’s Carlson Capital cut the largest investment of the “upper crust” of funds monitored by Insider Monkey, totaling an estimated $15.5 million in stock, and Paul Singer’s Elliott Management was right behind this move, as the fund sold off about $8.8 million worth. These bearish behaviors are interesting, as total hedge fund interest dropped by 3 funds heading into fourth quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as QEP Resources Inc (NYSE:QEP) but similarly valued. These stocks are Ternium S.A. (ADR) (NYSE:TX), Syntel, Inc. (NASDAQ:SYNT), VWR Corp (NASDAQ:VWR), and SYNNEX Corporation (NYSE:SNX). This group of stocks’ market caps match QEP’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TX 14 89430 0
SYNT 15 53525 -3
VWR 26 288144 5
SNX 17 126694 4

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $139 million. That figure was $528 million in QEP’s case. VWR Corp (NASDAQ:VWR) is the most popular stock in this table. On the other hand Ternium S.A. (ADR) (NYSE:TX) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks QEP Resources Inc (NYSE:QEP) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None


Page 2 of 2