Chartwell Investment Partners LLC boosted its position in Helmerich & Payne, Inc. (NYSE:HP) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,475 shares of the oil and gas company’s stock after buying an additional 230 shares during the period. Chartwell Investment Partners LLC owned 0.12% of Helmerich & Payne worth $6,982,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HP. Deprince Race & Zollo Inc. boosted its stake in Helmerich & Payne by 23.6% in the second quarter. Deprince Race & Zollo Inc. now owns 600,415 shares of the oil and gas company’s stock valued at $32,627,000 after buying an additional 114,608 shares in the last quarter. Allegis Investment Advisors LLC boosted its stake in Helmerich & Payne by 5.9% in the second quarter. Allegis Investment Advisors LLC now owns 29,238 shares of the oil and gas company’s stock valued at $1,589,000 after buying an additional 1,616 shares in the last quarter. Legal & General Group Plc boosted its stake in Helmerich & Payne by 3.0% in the second quarter. Legal & General Group Plc now owns 526,962 shares of the oil and gas company’s stock valued at $28,635,000 after buying an additional 15,324 shares in the last quarter. Northpointe Capital LLC boosted its stake in Helmerich & Payne by 4.2% in the second quarter. Northpointe Capital LLC now owns 49,593 shares of the oil and gas company’s stock valued at $2,695,000 after buying an additional 2,018 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in Helmerich & Payne by 34.5% in the second quarter. State of Wisconsin Investment Board now owns 94,231 shares of the oil and gas company’s stock valued at $5,120,000 after buying an additional 24,150 shares in the last quarter.
Shares of Helmerich & Payne, Inc. (HP) opened at 43.70 on Friday. The company’s market capitalization is $4.74 billion. Helmerich & Payne, Inc. has a 52 week low of $43.00 and a 52 week high of $85.78. The stock has a 50 day moving average of $51.28 and a 200-day moving average of $59.76.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. Helmerich & Payne’s revenue was up 36.0% on a year-over-year basis. During the same period last year, the firm posted ($0.20) EPS. On average, analysts anticipate that Helmerich & Payne, Inc. will post ($1.32) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 6.41%. The ex-dividend date is Wednesday, August 16th. Helmerich & Payne’s payout ratio is currently -167.66%.
Several research firms have recently commented on HP. UBS AG reaffirmed a “buy” rating and issued a $86.00 target price (down from $91.00) on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Cowen and Company reissued a “hold” rating and set a $50.00 price target on shares of Helmerich & Payne in a research report on Friday, August 11th. Royal Bank Of Canada set a $80.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Saturday, July 1st. Jefferies Group LLC set a $54.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Tuesday, June 6th. Finally, Citigroup Inc. cut shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and lowered their price target for the company from $58.00 to $43.00 in a research report on Friday, July 28th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus 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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