Russell Investments Group Ltd. boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,387 shares of the oil and gas company’s stock after acquiring an additional 629 shares during the period. Russell Investments Group Ltd. owned 0.10% of Helmerich & Payne worth $5,683,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HP. Geode Capital Management LLC increased its stake in shares of Helmerich & Payne by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,504,996 shares of the oil and gas company’s stock valued at $72,028,000 after purchasing an additional 117,117 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Helmerich & Payne by 13.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,453 shares of the oil and gas company’s stock valued at $803,000 after purchasing an additional 1,695 shares during the last quarter. Comerica Bank increased its stake in shares of Helmerich & Payne by 51.0% in the 1st quarter. Comerica Bank now owns 61,580 shares of the oil and gas company’s stock valued at $3,663,000 after purchasing an additional 20,803 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Helmerich & Payne by 2.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 11,548 shares of the oil and gas company’s stock valued at $642,000 after purchasing an additional 320 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Helmerich & Payne by 83.9% in the 1st quarter. Stephens Inc. AR now owns 24,923 shares of the oil and gas company’s stock valued at $1,385,000 after purchasing an additional 11,373 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

A number of equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $63.00 price objective (down previously from $83.00) on shares of Helmerich & Payne in a research report on Friday, August 2nd. Wells Fargo & Co lowered Helmerich & Payne from an “outperform” rating to an “underperform” rating in a research report on Thursday. Royal Bank of Canada set a $65.00 price objective on Helmerich & Payne and gave the stock a “buy” rating in a research report on Friday, July 26th. TheStreet lowered Helmerich & Payne from a “b-” rating to a “c+” rating in a research report on Tuesday, May 28th. Finally, ValuEngine lowered Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $61.86.

HP traded up $0.49 during midday trading on Friday, hitting $41.25. 16,439 shares of the company were exchanged, compared to its average volume of 1,499,674. The firm has a market capitalization of $4.52 billion, a P/E ratio of 294.86, a P/E/G ratio of 1.22 and a beta of 1.57. Helmerich & Payne, Inc. has a 1-year low of $36.06 and a 1-year high of $73.74. The firm’s 50 day moving average price is $41.59 and its 200-day moving average price is $51.13. The company has a quick ratio of 2.47, a current ratio of 2.86 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The firm had revenue of $687.97 million for the quarter, compared to the consensus estimate of $689.41 million. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 1.53 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.71 per share. This represents a yield of 7.4%. The ex-dividend date is Thursday, November 7th. Helmerich & Payne’s payout ratio is presently 2,028.57%.

Helmerich & Payne Profile

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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