Boston Advisors LLC decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 84.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,497 shares of the oil and gas company’s stock after selling 212,969 shares during the period. Boston Advisors LLC’s holdings in Helmerich & Payne were worth $2,201,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Helmerich & Payne during the first quarter worth about $172,000. Mn Services Vermogensbeheer B.V. increased its position in 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 increased its position 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 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 Helmerich & Payne during the first quarter worth about $209,000. Finally, Murphy Capital Management Inc. increased its position in 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.
Helmerich & Payne, Inc. (NYSE HP) traded down 0.50% during trading on Friday, reaching $46.18. 1,659,801 shares of the company traded hands. Helmerich & Payne, Inc. has a 52 week low of $46.00 and a 52 week high of $85.78. The firm’s market capitalization is $5.01 billion. The company’s 50-day moving average price is $52.55 and its 200 day moving average price is $60.88.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter in the prior year, the firm posted ($0.20) EPS. Helmerich & Payne’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, equities research analysts expect that Helmerich & Payne, Inc. will post ($1.32) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 annualized dividend and a yield of 6.06%. Helmerich & Payne’s payout ratio is presently -167.66%.
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A number of research firms recently issued reports on HP. Zacks Investment Research upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub upgraded shares of Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a research report on Thursday, July 20th. Jefferies Group LLC set a $54.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, UBS AG restated a “buy” rating and set a $86.00 price objective (down previously from $91.00) on shares of Helmerich & Payne in a report on Tuesday, May 2nd. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target 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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