Public Sector Pension investment Board decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 52.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,788 shares of the oil and gas company’s stock after selling 12,800 shares during the period. Public Sector Pension investment Board’s holdings in Helmerich & Payne were worth $641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its stake in Helmerich & Payne by 4.9% during the 2nd quarter. D.A. Davidson & CO. now owns 8,673 shares of the oil and gas company’s stock worth $471,000 after acquiring an additional 402 shares during the period. Van ECK Associates Corp raised its stake in Helmerich & Payne by 12.9% during the 2nd quarter. Van ECK Associates Corp now owns 961,446 shares of the oil and gas company’s stock worth $52,245,000 after acquiring an additional 109,705 shares during the period. UBS Asset Management Americas Inc. raised its stake in Helmerich & Payne by 7.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 311,207 shares of the oil and gas company’s stock worth $16,911,000 after acquiring an additional 21,778 shares during the period. New York State Common Retirement Fund raised its stake in Helmerich & Payne by 15.4% during the 2nd quarter. New York State Common Retirement Fund now owns 443,897 shares of the oil and gas company’s stock worth $24,121,000 after acquiring an additional 59,107 shares during the period. Finally, Oppenheimer & Close LLC raised its stake in Helmerich & Payne by 2.1% during the 2nd quarter. Oppenheimer & Close LLC now owns 95,189 shares of the oil and gas company’s stock worth $5,172,000 after acquiring an additional 1,946 shares during the period.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $65.00 target price on shares of Helmerich & Payne in a research note on Thursday, July 20th. BidaskClub upgraded shares of Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BMO Capital Markets decreased their target price on shares of Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating on the stock in a research note on Friday, July 14th. Finally, Bank of America Corporation cut shares of Helmerich & Payne from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $71.00 to $55.00 in a research note on Friday, June 30th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.71.

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Helmerich & Payne, Inc. (HP) opened at 51.53 on Friday. The company has a 50 day moving average of $47.88 and a 200-day moving average of $54.71. Helmerich & Payne, Inc. has a 12-month low of $42.16 and a 12-month high of $85.78. The stock’s market capitalization is $5.60 billion.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm had revenue of $498.60 million during the quarter, compared to the consensus estimate of $452.42 million. During the same period in the prior year, the company earned ($0.20) EPS. The firm’s revenue was up 36.0% compared to the same quarter last year. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post ($1.30) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

In related news, CEO John W. Lindsay bought 5,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average cost of $47.73 per share, with a total value of $238,650.00. Following the purchase, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.90% of the stock is owned by company insiders.

Helmerich & Payne 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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