Tredje AP fonden lifted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 110.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,285 shares of the oil and gas company’s stock after acquiring an additional 12,245 shares during the period. Tredje AP fonden’s holdings in Helmerich & Payne were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of HP. Fisher Asset Management LLC lifted its holdings in shares of Helmerich & Payne by 133.3% during the 1st quarter. Fisher Asset Management LLC now owns 844,400 shares of the oil and gas company’s stock worth $56,203,000 after acquiring an additional 482,539 shares during the period. Arosa Capital Management LP lifted its holdings in shares of Helmerich & Payne by 95.1% during the 1st quarter. Arosa Capital Management LP now owns 706,472 shares of the oil and gas company’s stock worth $47,023,000 after acquiring an additional 344,287 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Helmerich & Payne during the 2nd quarter worth approximately $21,926,000. Pinnacle Associates Ltd. lifted its holdings in shares of Helmerich & Payne by 163.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 505,777 shares of the oil and gas company’s stock worth $32,248,000 after acquiring an additional 313,569 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Helmerich & Payne during the 2nd quarter worth approximately $18,061,000. 95.79% of the stock is owned by institutional investors.

HP has been the subject of a number of recent analyst reports. Susquehanna Bancshares set a $84.00 price target on shares of Helmerich & Payne and gave the stock a “buy” rating in a report on Friday, April 27th. Credit Suisse Group upped their price target on shares of Helmerich & Payne from $51.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, April 27th. B. Riley upped their price target on shares of Helmerich & Payne from $60.00 to $68.00 and gave the stock a “hold” rating in a report on Monday, April 30th. ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Jefferies Financial Group raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.71.

HP stock opened at $65.83 on Friday. Helmerich & Payne, Inc. has a 1 year low of $42.16 and a 1 year high of $75.02. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). The company had revenue of $648.87 million for the quarter, compared to analyst estimates of $617.06 million. Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. Helmerich & Payne’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.25) earnings per share. equities research analysts expect that Helmerich & Payne, Inc. will post 0.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.31%. This is a boost from Helmerich & Payne’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 16th. Helmerich & Payne’s dividend payout ratio is currently -223.62%.

About Helmerich & Payne

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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