Texas Permanent School Fund Sells 1,217 Shares of Helmerich & Payne, Inc. (NYSE:HP)
Texas Permanent School Fund decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,504 shares of the oil and gas company’s stock after selling 1,217 shares during the period. Texas Permanent School Fund’s holdings in Helmerich & Payne were worth $1,658,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of Helmerich & Payne during the first quarter worth about $172,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock worth $180,000 after buying an additional 116 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,395 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Helmerich & Payne during the first quarter worth about $209,000. Finally, Murphy Capital Management Inc. boosted its position in shares of Helmerich & Payne by 2.6% in the second quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after buying an additional 100 shares during the last quarter.
Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at 46.09 on Tuesday. Helmerich & Payne, Inc. has a 12-month low of $46.00 and a 12-month high of $85.78. The company’s market cap is $5.00 billion. The firm’s 50-day moving average price is $52.36 and its 200 day moving average price is $60.38.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.05. The business had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company’s revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. On average, analysts predict that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.08%. Helmerich & Payne’s payout ratio is currently -167.66%.
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HP has been the subject of a number of recent research reports. UBS AG reiterated a “buy” rating and set a $86.00 price objective (down previously from $91.00) on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Credit Suisse Group reiterated a “buy” rating and set a $19.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, May 24th. Vetr upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday, July 10th. Jefferies Group LLC set a $54.00 price objective on Helmerich & Payne and gave the company a “hold” rating in a research note on Tuesday, June 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $14.00 price objective on shares of Helmerich & Payne in a research note on Monday, May 29th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $56.77.
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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