Capstone Asset Management Co. reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 5,235 shares of the oil and gas company’s stock after selling 363 shares during the period. Capstone Asset Management Co.’s holdings in Helmerich & Payne were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of Helmerich & Payne by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 154,623 shares of the oil and gas company’s stock worth $11,968,000 after buying an additional 6,096 shares during the last quarter. 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 last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Helmerich & Payne by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,152 shares of the oil and gas company’s stock worth $6,534,000 after buying an additional 2,695 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Helmerich & Payne by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 32,302 shares of the oil and gas company’s stock worth $2,150,000 after buying an additional 200 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Helmerich & Payne by 33.3% in the first quarter. Fox Run Management L.L.C. now owns 4,000 shares of the oil and gas company’s stock worth $266,000 after buying an additional 1,000 shares during the last quarter.

Helmerich & Payne, Inc. (HP) traded down 1.08% on Tuesday, reaching $45.59. 882,715 shares of the company traded hands. The firm’s market cap is $4.95 billion. The stock has a 50-day moving average price of $52.36 and a 200-day moving average price of $60.38. Helmerich & Payne, Inc. has a 52-week low of $45.06 and a 52-week high of $85.78.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The business had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter in the previous year, the company earned ($0.20) EPS. The business’s revenue was up 36.0% on a year-over-year basis. Analysts anticipate that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.

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A number of analysts have recently issued reports on HP shares. Jefferies Group LLC raised Helmerich & Payne from an “underperform” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $54.00 in a research report on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “hold” rating and set a $63.00 target price on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Morgan Stanley downgraded Helmerich & Payne from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $85.00 to $56.00 in a research note on Wednesday, June 21st. BMO Capital Markets reiterated a “sell” rating and issued a $54.00 price target on shares of Helmerich & Payne in a research note on Thursday, June 22nd. Finally, Cowen and Company reiterated a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a research note on Friday. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.77.

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.

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

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