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%.
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.
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