Quantbot Technologies LP Has $3.72 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Quantbot Technologies LP increased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,367 shares of the oil and gas company’s stock after buying an additional 10,783 shares during the period. Quantbot Technologies LP’s holdings in Helmerich & Payne were worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HP. Public Employees Retirement System of Ohio acquired a new position in Helmerich & Payne in the first quarter valued at $102,000. Bayesian Capital Management LP purchased a new stake in shares of Helmerich & Payne during the 1st quarter valued at approximately $837,000. Janus Henderson Group PLC lifted its stake in Helmerich & Payne by 18.9% in the 1st quarter. Janus Henderson Group PLC now owns 57,870 shares of the oil and gas company’s stock worth $2,432,000 after purchasing an additional 9,190 shares in the last quarter. Tidal Investments LLC lifted its stake in Helmerich & Payne by 29.7% in the 1st quarter. Tidal Investments LLC now owns 34,958 shares of the oil and gas company’s stock worth $1,470,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Helmerich & Payne by 11.4% in the 2nd quarter. Moody National Bank Trust Division now owns 17,496 shares of the oil and gas company’s stock worth $632,000 after purchasing an additional 1,788 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $34.40 on Wednesday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 4.19 and a beta of 1.40. The firm’s fifty day moving average is $33.95 and its 200 day moving average is $34.95. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Helmerich & Payne’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

Wall Street Analyst Weigh In

Several research firms recently commented on HP. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Barclays decreased their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada reduced their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. Finally, Citigroup cut their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.57.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.