APG Asset Management N.V. decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,905 shares of the oil and gas company’s stock after selling 158,800 shares during the period. APG Asset Management N.V. owned about 0.79% of Helmerich & Payne worth $46,619,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its position in 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 during the period. Artisan Partners Limited Partnership bought a new position in Helmerich & Payne during the first quarter worth $153,996,000. American Century Companies Inc. increased its position in Helmerich & Payne by 380.2% in the first quarter. American Century Companies Inc. now owns 1,930,681 shares of the oil and gas company’s stock worth $128,525,000 after buying an additional 1,528,604 shares during the period. Investec Asset Management LTD increased its position in Helmerich & Payne by 23.6% in the first quarter. Investec Asset Management LTD now owns 2,151,354 shares of the oil and gas company’s stock worth $143,216,000 after buying an additional 411,347 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 during the period.

Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at 49.34 on Monday. The company’s market cap is $5.36 billion. Helmerich & Payne, Inc. has a 1-year low of $48.62 and a 1-year high of $85.78. The company has a 50 day moving average of $53.95 and a 200 day moving average of $62.28.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same period in the previous year, the business earned ($0.20) EPS. Helmerich & Payne’s revenue for the quarter was up 36.0% compared to the same quarter last year. Equities analysts expect that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal 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 paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 5.67%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -167.66%.

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HP has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. BMO Capital Markets set a $54.00 price target on shares of Helmerich & Payne and gave the stock a “sell” rating in a research note on Wednesday, April 12th. Jefferies Group LLC set a $55.00 price target on shares of Helmerich & Payne and gave the stock a “sell” rating in a research note on Monday, April 24th. Credit Suisse Group reaffirmed a “hold” rating and issued a $63.00 price target on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Finally, UBS AG reaffirmed a “buy” rating and issued a $86.00 price target (down from $91.00) on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. Seven analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.10.

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.

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

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