American International Group Inc. reduced its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 41,243 shares of the oil and gas company’s stock after selling 267 shares during the period. American International Group Inc.’s holdings in Helmerich & Payne were worth $2,746,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HP. Toronto Dominion Bank raised its stake in shares of Helmerich & Payne by 57.0% in the first quarter. Toronto Dominion Bank now owns 29,291 shares of the oil and gas company’s stock worth $1,950,000 after buying an additional 10,637 shares during the period. Iberiabank Corp bought a new stake in shares of Helmerich & Payne during the fourth quarter worth about $1,389,000. Macquarie Group Ltd. raised its stake in shares of Helmerich & Payne by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 53,350 shares of the oil and gas company’s stock worth $4,129,000 after buying an additional 500 shares during the period. Smith Asset Management Group LP raised its stake in shares of Helmerich & Payne by 1.0% in the first quarter. Smith Asset Management Group LP now owns 209,207 shares of the oil and gas company’s stock worth $13,941,000 after buying an additional 2,027 shares during the period. Finally, US Bancorp DE raised its stake in shares of Helmerich & Payne by 33.6% in the first quarter. US Bancorp DE now owns 303,054 shares of the oil and gas company’s stock worth $20,174,000 after buying an additional 76,291 shares during the period.

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

Shares of Helmerich & Payne, Inc. (NYSE HP) opened at 55.00 on Friday. The company has a 50 day moving average of $56.16 and a 200 day moving average of $68.08. The stock’s market cap is $5.97 billion. Helmerich & Payne, Inc. has a 12 month low of $49.46 and a 12 month high of $85.78.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, April 27th. The oil and gas company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.07. Helmerich & Payne had a negative return on equity of 3.96% and a negative net margin of 12.09%. The firm had revenue of $405.30 million for the quarter, compared to the consensus estimate of $386.83 million. During the same period last year, the company posted $0.19 earnings per share. The business’s revenue was down 7.5% compared to the same quarter last year. Equities research analysts expect that Helmerich & Payne, Inc. will post ($1.34) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -168.67%.

ILLEGAL ACTIVITY WARNING: “American International Group Inc. Has $2.75 Million Position in Helmerich & Payne, Inc. (HP)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/american-international-group-inc-has-2-75-million-position-in-helmerich-payne-inc-hp/1372189.html.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC set a $54.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Stifel Nicolaus reiterated a “hold” rating and set a $14.00 price objective on shares of Helmerich & Payne in a research note on Monday, May 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Friday, May 26th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $19.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, May 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $64.64.

Helmerich & Payne Company Profile

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.

Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP).

Receive News & Ratings for Helmerich & Payne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.