Gradient Investments LLC raised its stake in shares of Helmerich & Payne Inc. (NYSE:HP) by 37,981.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,163 shares of the company’s stock after buying an additional 75,963 shares during the period. Gradient Investments LLC owned 0.07% of Helmerich & Payne worth $5,126,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mizuho Asset Management Co. Ltd. raised its position in shares of Helmerich & Payne by 74.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,604 shares of the company’s stock valued at $108,000 after buying an additional 687 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Helmerich & Payne by 7.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 125 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Helmerich & Payne by 1.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,849 shares of the company’s stock valued at $124,000 after buying an additional 33 shares during the last quarter. Nikko Asset Management Americas Inc. acquired a new position in shares of Helmerich & Payne during the second quarter valued at $146,000. Finally, IFP Advisors Inc raised its position in shares of Helmerich & Payne by 60.5% in the second quarter. IFP Advisors Inc now owns 2,349 shares of the company’s stock valued at $158,000 after buying an additional 885 shares during the last quarter.

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

Helmerich & Payne Inc. (NYSE:HP) traded up 1.27% on Monday, hitting $69.12. The company had a trading volume of 2,664,287 shares. The firm has a 50-day moving average price of $65.90 and a 200-day moving average price of $63.39. The firm’s market capitalization is $7.47 billion. Helmerich & Payne Inc. has a 12-month low of $40.02 and a 12-month high of $70.39.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, November 17th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. Helmerich & Payne had a negative return on equity of 2.25% and a negative net margin of 3.50%. The business had revenue of $332 million for the quarter, compared to analysts’ expectations of $304.26 million. During the same quarter in the prior year, the business earned $0.04 EPS. The firm’s revenue for the quarter was down 40.1% on a year-over-year basis. On average, equities research analysts anticipate that Helmerich & Payne Inc. will post ($1.22) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, November 8th. Helmerich & Payne’s payout ratio is -518.52%.

HP has been the topic of several recent research reports. Nomura set a $71.00 price objective on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Tuesday, August 16th. Argus reaffirmed a “buy” rating and set a $72.00 price objective on shares of Helmerich & Payne in a research report on Monday, August 15th. DA Davidson initiated coverage on shares of Helmerich & Payne in a research report on Thursday, September 15th. They set a “buy” rating and a $72.00 price objective on the stock. RBC Capital Markets set a $70.00 price objective on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Friday, October 7th. Finally, Morgan Stanley raised shares of Helmerich & Payne from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $70.00 to $80.00 in a research report on Tuesday, September 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $62.95.

In other Helmerich & Payne news, CEO John W. Lindsay sold 15,000 shares of the stock in a transaction on Friday, September 30th. The stock was sold at an average price of $67.45, for a total transaction of $1,011,750.00. Following the transaction, the chief executive officer now owns 141,512 shares in the company, valued at approximately $9,544,984.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Bell sold 9,000 shares of the stock in a transaction on Friday, September 30th. The stock was sold at an average price of $66.35, for a total value of $597,150.00. Following the transaction, the insider now owns 45,666 shares in the company, valued at approximately $3,029,939.10. The disclosure for this sale can be found here. Company insiders own 4.23% of the company’s stock.

Helmerich & Payne Company Profile

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.

5 Day Chart for NYSE:HP

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