XTX Topco Ltd Takes $949,000 Position in Helmerich & Payne, Inc. $HP

XTX Topco Ltd purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent filing with the SEC. The fund purchased 62,602 shares of the oil and gas company’s stock, valued at approximately $949,000. XTX Topco Ltd owned about 0.06% of Helmerich & Payne as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HP. Invesco Ltd. raised its position in Helmerich & Payne by 24.7% in the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock worth $70,632,000 after purchasing an additional 535,808 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Helmerich & Payne in the first quarter worth approximately $10,635,000. Empowered Funds LLC lifted its stake in shares of Helmerich & Payne by 3,600.1% during the 2nd quarter. Empowered Funds LLC now owns 349,990 shares of the oil and gas company’s stock worth $5,306,000 after acquiring an additional 340,531 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Helmerich & Payne by 12.2% during the 1st quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock worth $77,938,000 after acquiring an additional 325,484 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Helmerich & Payne during the 1st quarter valued at $6,486,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

NYSE HP opened at $27.90 on Monday. The company has a fifty day moving average of $24.93 and a two-hundred day moving average of $20.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $37.30. The company has a market capitalization of $2.75 billion, a PE ratio of -84.55 and a beta of 0.94.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.27). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The company’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. As a group, analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. Helmerich & Payne’s payout ratio is currently -59.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings lowered Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Wall Street Zen lowered Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Evercore ISI upped their price target on Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a report on Wednesday, November 19th. Barclays boosted their target price on shares of Helmerich & Payne from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $28.00 in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.70.

About Helmerich & Payne

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.