APG Asset Management N.V. reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 91.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,487 shares of the oil and gas company’s stock after selling 784,418 shares during the period. APG Asset Management N.V. owned 0.07% of Helmerich & Payne worth $3,829,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HP. BlackRock Inc. raised its holdings in Helmerich & Payne by 4.5% in the second quarter. BlackRock Inc. now owns 11,459,741 shares of the oil and gas company’s stock valued at $622,721,000 after buying an additional 492,673 shares during the period. Vanguard Group Inc. raised its holdings in Helmerich & Payne by 2.0% in the second quarter. Vanguard Group Inc. now owns 10,714,896 shares of the oil and gas company’s stock valued at $582,248,000 after buying an additional 205,883 shares during the period. State Street Corp raised its holdings in Helmerich & Payne by 2.7% in the second quarter. State Street Corp now owns 6,457,523 shares of the oil and gas company’s stock valued at $350,901,000 after buying an additional 172,819 shares during the period. Capital International Investors raised its holdings in Helmerich & Payne by 33.5% in the second quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock valued at $317,874,000 after buying an additional 1,466,700 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in Helmerich & Payne by 68.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock valued at $212,148,000 after buying an additional 1,590,793 shares during the period.

In other Helmerich & Payne news, CEO John W. Lindsay acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 147,727 shares in the company, valued at approximately $7,051,009.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.23% of the company’s stock.

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Several research analysts recently commented on the stock. Cowen and Company restated a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a report on Friday, August 11th. Zacks Investment Research upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Vetr raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, July 10th. Seaport Global Securities reaffirmed a “sell” rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 price objective (down previously from $65.00) on shares of Helmerich & Payne in a research report on Friday, September 8th. Nine investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $54.27.

Helmerich & Payne, Inc. (NYSE:HP) opened at $54.91 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.74 and a quick ratio of 3.33. Helmerich & Payne, Inc. has a 1-year low of $42.16 and a 1-year high of $85.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio is presently -167.66%.

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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