Mackay Shields LLC lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 29.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,465 shares of the oil and gas company’s stock after buying an additional 5,090 shares during the quarter. Mackay Shields LLC’s holdings in Helmerich & Payne were worth $1,077,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its holdings in Helmerich & Payne by 2.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,139 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 182 shares in the last quarter. TD Asset Management Inc. raised its holdings in Helmerich & Payne by 0.4% during the fourth quarter. TD Asset Management Inc. now owns 52,208 shares of the oil and gas company’s stock worth $2,503,000 after purchasing an additional 187 shares in the last quarter. Radnor Capital Management LLC raised its holdings in Helmerich & Payne by 0.9% during the fourth quarter. Radnor Capital Management LLC now owns 23,560 shares of the oil and gas company’s stock worth $1,129,000 after purchasing an additional 200 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Helmerich & Payne by 2.3% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,034 shares of the oil and gas company’s stock worth $433,000 after purchasing an additional 200 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its holdings in Helmerich & Payne by 1.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,614 shares of the oil and gas company’s stock worth $749,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

Shares of Helmerich & Payne stock opened at $55.11 on Thursday. Helmerich & Payne, Inc. has a 12-month low of $44.56 and a 12-month high of $74.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.70 and a quick ratio of 2.29. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 393.64 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a net margin of 0.06% and a return on equity of 1.18%. The company had revenue of $740.60 million during the quarter, compared to analysts’ expectations of $716.12 million. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post 1.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.84 dividend on an annualized basis and a yield of 5.15%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,028.57%.

HP has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $72.00 price target on shares of Helmerich & Payne in a report on Monday, December 17th. Wells Fargo & Co reissued a “buy” rating on shares of Helmerich & Payne in a report on Sunday, January 6th. Zacks Investment Research raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Friday, January 4th. Bank of America raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $68.00 in a report on Thursday, January 31st. Finally, Royal Bank of Canada set a $80.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Helmerich & Payne has an average rating of “Hold” and an average price target of $67.05.

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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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