Mn Services Vermogensbeheer B.V. raised its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 510.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 17,615 shares of the oil and gas company’s stock after buying an additional 14,730 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Helmerich & Payne were worth $957,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Helmerich & Payne during the first quarter valued at approximately $172,000. Tompkins Financial Corp boosted its stake in 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 valued at $198,000 after buying an additional 2,395 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Helmerich & Payne during the first quarter valued at approximately $209,000. Meridian Wealth Management LLC purchased a new stake in Helmerich & Payne during the first quarter valued at approximately $236,000. Finally, Capital Advisors Inc. OK boosted its stake in Helmerich & Payne by 35.9% in the first quarter. Capital Advisors Inc. OK now owns 3,782 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 1,000 shares during the last quarter.
Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at 43.77 on Thursday. Helmerich & Payne, Inc. has a 52-week low of $43.64 and a 52-week high of $85.78. The company’s market capitalization is $4.75 billion. The stock’s 50 day moving average price is $51.88 and its 200-day moving average price is $60.07.
Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The business had revenue of $498.60 million during the quarter, compared to the consensus estimate of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period last year, the business posted ($0.20) earnings per share. On average, equities analysts expect that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 6.40%. The ex-dividend date is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.
Several equities research analysts have commented on HP shares. Jefferies Group LLC set a $55.00 target price on Helmerich & Payne and gave the company a “sell” rating in a research note on Monday, April 24th. Credit Suisse Group restated a “hold” rating and issued a $63.00 target price on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. UBS AG reaffirmed a “buy” rating and set a $86.00 price target (down previously from $91.00) on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Iberia Capital raised Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a research report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) lowered Helmerich & Payne from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $63.00 to $45.00 in a research report on Monday, May 22nd. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.77.
About Helmerich & Payne
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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