BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Helmerich & Payne, Inc. (NYSE:HP) by 43.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,928 shares of the oil and gas company’s stock after selling 17,939 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Helmerich & Payne were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC lifted its position in shares of Helmerich & Payne by 3.1% during the second quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 101 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Helmerich & Payne by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the oil and gas company’s stock valued at $225,000 after buying an additional 130 shares during the last quarter. Radnor Capital Management LLC lifted its position in shares of Helmerich & Payne by 0.6% during the second quarter. Radnor Capital Management LLC now owns 25,110 shares of the oil and gas company’s stock valued at $1,364,000 after buying an additional 160 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Helmerich & Payne by 0.3% during the second quarter. Retirement Systems of Alabama now owns 52,638 shares of the oil and gas company’s stock valued at $2,860,000 after buying an additional 162 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its position in shares of Helmerich & Payne by 2.7% during the second quarter. Commonwealth Bank of Australia now owns 11,456 shares of the oil and gas company’s stock valued at $622,000 after buying an additional 300 shares during the last quarter.

Shares of Helmerich & Payne, Inc. (HP) traded up $1.00 during trading hours on Friday, hitting $57.78. The stock had a trading volume of 4,910,290 shares, compared to its average volume of 1,236,975. Helmerich & Payne, Inc. has a 52-week low of $42.16 and a 52-week high of $81.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.19 and a current ratio of 3.59.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The firm had revenue of $532.30 million for the quarter, compared to analyst estimates of $493.78 million. During the same quarter last year, the firm posted ($0.33) EPS. The business’s revenue was up 60.5% on a year-over-year basis. sell-side analysts expect that Helmerich & Payne, Inc. will post -0.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.85%. Helmerich & Payne’s dividend payout ratio (DPR) is -233.33%.

Several analysts have commented on the stock. Cowen set a $50.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Wednesday, October 18th. Piper Jaffray Companies restated a “hold” rating and set a $48.00 price objective on shares of Helmerich & Payne in a report on Friday, November 24th. Jefferies Group set a $50.00 price objective on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, October 5th. Sanford C. Bernstein restated an “outperform” rating and set a $66.00 price objective on shares of Helmerich & Payne in a report on Wednesday, September 6th. Finally, SunTrust Banks upped their price objective on shares of Helmerich & Payne to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $54.92.

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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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