California State Teachers Retirement System grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,837 shares of the oil and gas company’s stock after purchasing an additional 8,364 shares during the quarter. California State Teachers Retirement System’s holdings in Helmerich & Payne were worth $13,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Helmerich & Payne by 1.2% in the fourth quarter. BlackRock Inc. now owns 11,346,521 shares of the oil and gas company’s stock worth $733,438,000 after purchasing an additional 129,250 shares during the last quarter. Capital International Investors grew its holdings in Helmerich & Payne by 37.2% in the third quarter. Capital International Investors now owns 8,026,854 shares of the oil and gas company’s stock worth $418,279,000 after purchasing an additional 2,177,139 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Helmerich & Payne by 14.9% during the fourth quarter. Franklin Resources Inc. now owns 7,189,211 shares of the oil and gas company’s stock valued at $464,727,000 after buying an additional 934,765 shares during the last quarter. Kiltearn Partners LLP grew its holdings in shares of Helmerich & Payne by 1.6% during the fourth quarter. Kiltearn Partners LLP now owns 2,557,602 shares of the oil and gas company’s stock valued at $165,323,000 after buying an additional 41,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Helmerich & Payne by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,382,144 shares of the oil and gas company’s stock valued at $124,136,000 after buying an additional 119,306 shares during the last quarter.

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A number of equities research analysts have recently weighed in on HP shares. Tudor Pickering raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Royal Bank of Canada set a $68.00 price objective on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, December 21st. Piper Jaffray Companies reissued a “hold” rating and set a $48.00 price objective on shares of Helmerich & Payne in a report on Friday, November 24th. Citigroup raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $57.04.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 4,122 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $71.40, for a total value of $294,310.80. Following the completion of the transaction, the director now owns 16,647 shares in the company, valued at $1,188,595.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Helmerich & Payne, Inc. (HP) opened at $66.35 on Friday. The stock has a market cap of $7,110.09, a price-to-earnings ratio of 18.03 and a beta of 1.31. Helmerich & Payne, Inc. has a 1 year low of $42.16 and a 1 year high of $75.02. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $547.64 million. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The firm’s quarterly revenue was up 53.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.33) earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 76.09%.

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

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