Pekin Singer Strauss Asset Management IL increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,135 shares of the oil and gas company’s stock after buying an additional 685 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Helmerich & Payne were worth $1,148,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in shares of Helmerich & Payne by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 154,623 shares of the oil and gas company’s stock valued at $11,968,000 after buying an additional 6,096 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Helmerich & Payne by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 53,350 shares of the oil and gas company’s stock valued at $4,129,000 after buying an additional 500 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Helmerich & Payne by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 98,152 shares of the oil and gas company’s stock valued at $6,534,000 after buying an additional 2,695 shares in the last quarter. Creative Planning increased its stake in shares of Helmerich & Payne by 116.9% in the first quarter. Creative Planning now owns 22,668 shares of the oil and gas company’s stock valued at $1,509,000 after buying an additional 12,215 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Helmerich & Payne by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 32,302 shares of the oil and gas company’s stock valued at $2,150,000 after buying an additional 200 shares in the last quarter.

Helmerich & Payne, Inc. (NYSE HP) opened at 46.18 on Friday. Helmerich & Payne, Inc. has a one year low of $46.00 and a one year high of $85.78. The company’s market capitalization is $5.01 billion. The company has a 50-day moving average price of $52.55 and a 200-day moving average price of $60.88.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The firm’s revenue was up 36.0% on a year-over-year basis. Analysts expect that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s payout ratio is -167.66%.

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Several analysts have commented on the company. Zacks Investment Research upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Jefferies Group LLC set a $54.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, UBS AG reiterated a “buy” rating and set a $86.00 target price (down from $91.00) on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.10.

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.

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

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