Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 36.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,680 shares of the oil and gas company’s stock after selling 82,786 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Helmerich & Payne were worth $10,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of HP. Ffcm LLC grew its position in shares of Helmerich & Payne by 4.0% during the 3rd quarter. Ffcm LLC now owns 20,198 shares of the oil and gas company’s stock valued at $1,375,000 after buying an additional 780 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Helmerich & Payne by 1.2% during the 3rd quarter. Toronto Dominion Bank now owns 70,803 shares of the oil and gas company’s stock valued at $4,868,000 after buying an additional 809 shares during the last quarter. Redwood Investment Management LLC grew its position in shares of Helmerich & Payne by 25.3% during the 3rd quarter. Redwood Investment Management LLC now owns 4,323 shares of the oil and gas company’s stock valued at $297,000 after buying an additional 872 shares during the last quarter. Broadview Advisors LLC grew its position in shares of Helmerich & Payne by 1.7% during the 3rd quarter. Broadview Advisors LLC now owns 57,400 shares of the oil and gas company’s stock valued at $3,947,000 after buying an additional 950 shares during the last quarter. Finally, Front Barnett Associates LLC grew its position in shares of Helmerich & Payne by 0.8% during the 2nd quarter. Front Barnett Associates LLC now owns 123,087 shares of the oil and gas company’s stock valued at $7,848,000 after buying an additional 990 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.

In other news, Director Chapman Paula Marshall sold 11,309 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the sale, the director now owns 14,874 shares in the company, valued at $968,743.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,309 shares of company stock valued at $3,618,765. Company insiders own 4.10% of the company’s stock.

Shares of NYSE:HP opened at $60.59 on Thursday. The company has a market capitalization of $6.61 billion, a PE ratio of 432.79 and a beta of 1.30. Helmerich & Payne, Inc. has a twelve month low of $54.00 and a twelve month high of $75.02. The company has a quick ratio of 2.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $696.83 million during the quarter, compared to analyst estimates of $683.89 million. Helmerich & Payne had a net margin of 19.41% and a return on equity of 0.41%. Equities analysts forecast that Helmerich & Payne, Inc. will post 1.74 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. Cowen reaffirmed a “hold” rating and set a $61.00 price objective on shares of Helmerich & Payne in a research report on Monday. Bank of America raised shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $71.00 to $64.00 in a research report on Monday. Piper Jaffray Companies set a $69.00 price objective on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, November 21st. Finally, ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Buy” and an average target price of $72.56.

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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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