17,568 Shares in Helmerich & Payne, Inc. (HP) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,568 shares of the oil and gas company’s stock, valued at approximately $915,000.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Helmerich & Payne by 4.5% in the second quarter. BlackRock Inc. now owns 11,459,741 shares of the oil and gas company’s stock worth $622,721,000 after purchasing an additional 492,673 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Helmerich & Payne by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,714,896 shares of the oil and gas company’s stock worth $582,248,000 after purchasing an additional 205,883 shares during the last quarter. State Street Corp increased its holdings in shares of Helmerich & Payne by 2.7% in the second quarter. State Street Corp now owns 6,457,523 shares of the oil and gas company’s stock worth $350,901,000 after purchasing an additional 172,819 shares during the last quarter. Capital International Investors increased its holdings in shares of Helmerich & Payne by 33.5% in the second quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock worth $317,874,000 after purchasing an additional 1,466,700 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in Helmerich & Payne by 68.8% during the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after acquiring an additional 1,590,793 shares during the last quarter.

HP has been the topic of several analyst reports. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, November 29th. Deutsche Bank started coverage on Helmerich & Payne in a research report on Tuesday, October 10th. They set a “hold” rating and a $45.00 target price for the company. Jefferies Group set a $50.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research report on Thursday, October 5th. Societe Generale started coverage on Helmerich & Payne in a report on Thursday, August 31st. They set a “hold” rating and a $46.00 target price for the company. Finally, Cowen restated a “hold” rating and set a $50.00 target price on shares of Helmerich & Payne in a report on Friday, August 11th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. Helmerich & Payne currently has an average rating of “Hold” and an average target price of $54.92.

In other Helmerich & Payne news, CEO John W. Lindsay purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the transaction, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.90% of the company’s stock.

Helmerich & Payne, Inc. (NYSE HP) traded up $0.74 during trading on Thursday, reaching $57.21. 1,213,308 shares of the company traded hands, compared to its average volume of 1,840,124. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.59 and a quick ratio of 3.19. Helmerich & Payne, Inc. has a 12-month low of $42.16 and a 12-month high of $85.78.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative net margin of 7.16% and a negative return on equity of 2.96%. The company had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. During the same quarter last year, the company posted ($0.33) EPS. The firm’s revenue was up 60.5% compared to the same quarter last year. sell-side analysts expect that Helmerich & Payne, Inc. will post -0.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a yield of 4.89%. Helmerich & Payne’s dividend payout ratio is presently -233.33%.

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About Helmerich & Payne

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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