Helmerich & Payne, Inc. (NYSE:HP) Stake Held by Barings LLC
Barings LLC continued to hold its stake in Helmerich & Payne, Inc. (NYSE:HP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the oil and gas company’s stock at the end of the first quarter. Barings LLC’s holdings in Helmerich & Payne were worth $539,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Helmerich & Payne by 3,318.2% in the first quarter. BlackRock Inc. now owns 10,967,068 shares of the oil and gas company’s stock worth $730,077,000 after buying an additional 10,646,223 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Helmerich & Payne by 0.7% in the first quarter. Vanguard Group Inc. now owns 10,509,013 shares of the oil and gas company’s stock worth $699,585,000 after buying an additional 68,948 shares in the last quarter. State Street Corp raised its position in shares of Helmerich & Payne by 6.0% in the first quarter. State Street Corp now owns 6,284,704 shares of the oil and gas company’s stock worth $418,376,000 after buying an additional 357,686 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Helmerich & Payne by 13.6% in the first quarter. Bank of New York Mellon Corp now owns 3,374,223 shares of the oil and gas company’s stock worth $224,623,000 after buying an additional 405,024 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Helmerich & Payne during the first quarter worth $153,996,000.
Shares of Helmerich & Payne, Inc. (HP) traded up 0.98% during trading on Thursday, reaching $49.54. 2,329,582 shares of the company’s stock were exchanged. Helmerich & Payne, Inc. has a 52-week low of $48.62 and a 52-week high of $85.78. The company’s market capitalization is $5.38 billion. The company has a 50 day moving average price of $53.95 and a 200-day moving average price of $62.28.
Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.20) earnings per share. On average, equities analysts forecast 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 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 dividend yield of 5.65%. Helmerich & Payne’s payout ratio is presently -167.66%.
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Several brokerages recently issued reports on HP. UBS AG reiterated a “buy” rating and issued a $86.00 price target (down from $91.00) on shares of Helmerich & Payne in a report on Tuesday, May 2nd. BidaskClub downgraded Helmerich & Payne from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Royal Bank Of Canada set a $80.00 price target on Helmerich & Payne and gave the company a “hold” rating in a report on Saturday, July 1st. Citigroup Inc. downgraded 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 report on Friday, July 28th. Finally, Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a report on Thursday, July 20th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.77.
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.
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