Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Helmerich & Payne, Inc. (NYSE:HP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 177,456 shares of the oil and gas company’s stock, valued at approximately $9,329,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned about 0.16% of Helmerich & Payne as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HP. BlackRock Inc. grew its stake in shares of 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 worth $622,721,000 after acquiring an additional 492,673 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 worth $582,248,000 after acquiring an additional 205,883 shares in the last quarter. State Street Corp lifted its position in shares of Helmerich & Payne by 2.7% during the 2nd quarter. State Street Corp now owns 6,457,523 shares of the oil and gas company’s stock worth $350,901,000 after purchasing an additional 172,819 shares during the last quarter. Capital International Investors lifted its position in shares of Helmerich & Payne by 33.5% during the 2nd quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock worth $317,874,000 after purchasing an additional 1,466,700 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Helmerich & Payne by 68.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after purchasing an additional 1,590,793 shares during the last quarter.

In other news, CEO John W. Lindsay purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the purchase, the chief executive officer now directly owns 147,727 shares in the company, valued at approximately $7,051,009.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.23% of the company’s stock.

Shares of Helmerich & Payne, Inc. (NYSE HP) traded down $1.38 during trading on Monday, hitting $58.15. 1,715,400 shares of the stock were exchanged, compared to its average volume of 1,867,402. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $85.78. The company has a current ratio of 3.74, a quick ratio of 3.33 and a debt-to-equity ratio of 0.12.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.

Several equities research analysts have recently issued reports on HP shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price objective on shares of Helmerich & Payne in a research report on Wednesday, September 6th. Iberia Capital cut shares of Helmerich & Payne from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $74.00 to $55.00 in a research report on Monday, July 31st. J P Morgan Chase & Co decreased their price objective on shares of Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, September 12th. Jefferies Group LLC set a $50.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price objective (down from $65.00) on shares of Helmerich & Payne in a research report on Friday, September 8th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Helmerich & Payne currently has an average rating of “Hold” and an average price target of $54.27.

COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/meag-munich-ergo-kapitalanlagegesellschaft-mbh-takes-position-in-helmerich-payne-inc-hp/1700171.html.

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.

Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP).

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

Receive News & Ratings for Helmerich & Payne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.