AMP Capital Investors Ltd Boosts Position in Helmerich & Payne, Inc. (NYSE:HP)

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AMP Capital Investors Ltd boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,573 shares of the oil and gas company’s stock after acquiring an additional 3,000 shares during the quarter. AMP Capital Investors Ltd’s holdings in Helmerich & Payne were worth $2,077,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Summit Trail Advisors LLC increased its stake in shares of Helmerich & Payne by 8,098.5% in the 1st quarter. Summit Trail Advisors LLC now owns 109,368 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 108,034 shares in the last quarter. Viking Fund Management LLC purchased a new stake in Helmerich & Payne in the 2nd quarter worth $159,000. Rampart Investment Management Company LLC increased its stake in Helmerich & Payne by 84.3% in the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,122 shares in the last quarter. Independent Advisor Alliance purchased a new stake in Helmerich & Payne in the 2nd quarter worth $207,000. Finally, Argus Investors Counsel Inc. purchased a new stake in Helmerich & Payne in the 2nd quarter worth $243,000. 92.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Helmerich & Payne stock traded up $1.17 on Friday, hitting $69.41. 1,040,793 shares of the company traded hands, compared to its average volume of 1,435,044. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.57 and a current ratio of 2.97. Helmerich & Payne, Inc. has a 52 week low of $50.64 and a 52 week high of $75.02. The company has a market capitalization of $7.49 billion, a PE ratio of -54.65 and a beta of 1.36.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The company had revenue of $648.87 million for the quarter, compared to the consensus estimate of $617.06 million. Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) EPS. On average, analysts forecast that Helmerich & Payne, Inc. will post 0.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s payout ratio is -223.62%.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction on Friday, September 14th. The shares were sold at an average price of $65.13, for a total value of $736,555.17. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $968,743.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction on Monday, October 1st. The stock was 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. Company insiders own 4.10% of the company’s stock.

HP has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Thursday, September 20th. JPMorgan Chase & Co. upgraded Helmerich & Payne from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $49.00 to $58.00 in a research report on Friday, September 14th. B. Riley raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price target for the company from $68.00 to $83.00 in a report on Monday, September 24th. Stephens raised shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 price target for the company in a report on Monday, July 30th. Finally, ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.29.

Helmerich & Payne Company 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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