Aperio Group LLC Buys 8,751 Shares of Helmerich & Payne, Inc. (HP)
Aperio Group LLC increased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,217 shares of the oil and gas company’s stock after buying an additional 8,751 shares during the quarter. Aperio Group LLC owned about 0.10% of Helmerich & Payne worth $5,587,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HP. Teachers Advisors LLC grew its stake in Helmerich & Payne by 5.3% during the 1st quarter. Teachers Advisors LLC now owns 162,850 shares of the oil and gas company’s stock worth $10,841,000 after buying an additional 8,227 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Helmerich & Payne by 6.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,010 shares of the oil and gas company’s stock worth $267,000 after buying an additional 250 shares during the last quarter. Amalgamated Bank grew its stake in Helmerich & Payne by 5.8% during the 1st quarter. Amalgamated Bank now owns 6,990 shares of the oil and gas company’s stock worth $465,000 after buying an additional 386 shares during the last quarter. Credit Suisse AG grew its stake in Helmerich & Payne by 4.1% during the 1st quarter. Credit Suisse AG now owns 215,541 shares of the oil and gas company’s stock worth $14,349,000 after buying an additional 8,557 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Helmerich & Payne by 21.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,811 shares of the oil and gas company’s stock worth $479,000 after buying an additional 1,569 shares during the last quarter.
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Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at $58.30 on Tuesday. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $85.78. The company has a current ratio of 3.74, a quick ratio of 3.33 and a debt-to-equity ratio of 0.12.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio is -167.66%.
In related news, CEO John W. Lindsay acquired 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the chief executive officer now owns 147,727 shares in the company, valued at approximately $7,051,009.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.23% of the company’s stock.
Several research firms have recently issued reports on HP. Cowen and Company reissued a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a research note on Friday, August 11th. Zacks Investment Research raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Vetr raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, July 10th. Seaport Global Securities reissued a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $53.00 price target (down previously from $65.00) on shares of Helmerich & Payne in a research note on Friday, September 8th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $54.27.
Helmerich & Payne 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.
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