Cozad Asset Management Inc. Buys 3,651 Shares of Helmerich & Payne, Inc. $HP

Cozad Asset Management Inc. boosted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,390 shares of the oil and gas company’s stock after acquiring an additional 3,651 shares during the period. Cozad Asset Management Inc.’s holdings in Helmerich & Payne were worth $749,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HP. Invesco Ltd. increased its stake in shares of Helmerich & Payne by 24.7% during the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock worth $70,632,000 after purchasing an additional 535,808 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Helmerich & Payne in the first quarter valued at $10,635,000. Empowered Funds LLC lifted its position in shares of Helmerich & Payne by 3,600.1% during the 2nd quarter. Empowered Funds LLC now owns 349,990 shares of the oil and gas company’s stock valued at $5,306,000 after buying an additional 340,531 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Helmerich & Payne by 12.2% during the 1st quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock worth $77,938,000 after acquiring an additional 325,484 shares during the period. Finally, Nuveen LLC bought a new position in shares of Helmerich & Payne during the 1st quarter worth $6,486,000. 96.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Susquehanna boosted their price objective on Helmerich & Payne from $26.00 to $31.00 and gave the company a “positive” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Helmerich & Payne in a research report on Thursday. TD Cowen raised their price objective on shares of Helmerich & Payne from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, August 19th. The Goldman Sachs Group raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $28.00 in a report on Thursday. Finally, Zacks Research upgraded Helmerich & Payne to a “hold” rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.50.

Helmerich & Payne Price Performance

NYSE:HP opened at $26.80 on Friday. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $37.30. The stock has a fifty day moving average of $24.29 and a 200 day moving average of $19.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -81.21 and a beta of 0.94.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $972.79 million. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.Helmerich & Payne’s revenue was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne’s payout ratio is currently -59.88%.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.