Public Employees Retirement Association of Colorado boosted its position in Helmerich & Payne Inc. (NYSE:HP) by 0.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,247 shares of the company’s stock after buying an additional 12 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Helmerich & Payne were worth $1,632,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of Helmerich & Payne by 2,747.3% in the second quarter. Alliancebernstein L.P. now owns 5,412,718 shares of the company’s stock worth $363,356,000 after buying an additional 5,222,619 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in shares of Helmerich & Payne by 375.3% in the second quarter. Waddell & Reed Financial Inc. now owns 1,086,647 shares of the company’s stock worth $72,946,000 after buying an additional 858,007 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Helmerich & Payne during the second quarter worth about $55,377,000. Capital International Investors increased its position in shares of Helmerich & Payne by 26.3% in the second quarter. Capital International Investors now owns 3,726,115 shares of the company’s stock worth $250,134,000 after buying an additional 775,900 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Helmerich & Payne by 486.2% in the third quarter. APG Asset Management N.V. now owns 639,001 shares of the company’s stock worth $43,005,000 after buying an additional 529,996 shares during the last quarter.

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

Shares of Helmerich & Payne Inc. (NYSE:HP) traded down 1.68% during midday trading on Monday, reaching $68.43. The company’s stock had a trading volume of 1,916,988 shares. The firm’s 50 day moving average is $66.09 and its 200 day moving average is $63.85. Helmerich & Payne Inc. has a 52 week low of $40.02 and a 52 week high of $70.39. The firm’s market capitalization is $7.40 billion.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 17th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.09. The company earned $332 million during the quarter, compared to the consensus estimate of $304.26 million. Helmerich & Payne had a negative return on equity of 2.25% and a negative net margin of 3.50%. Helmerich & Payne’s revenue was down 40.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. Equities analysts forecast that Helmerich & Payne Inc. will post ($1.11) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, November 8th. Helmerich & Payne’s dividend payout ratio is currently -518.52%.

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A number of research firms have recently commented on HP. DA Davidson began coverage on Helmerich & Payne in a research report on Thursday, September 15th. They issued a “buy” rating and a $72.00 price objective for the company. Credit Suisse Group AG set a $52.00 price objective on Helmerich & Payne and gave the company a “sell” rating in a research report on Monday, August 1st. RBC Capital Markets set a $70.00 price objective on Helmerich & Payne and gave the company a “buy” rating in a research report on Friday, October 7th. Vetr restated a “strong-buy” rating on shares of Helmerich & Payne in a research report on Monday, August 22nd. Finally, Morgan Stanley upgraded Helmerich & Payne from an “underweight” rating to an “equal weight” rating and boosted 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 assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $62.95.

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

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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