Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 21.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,799 shares of the oil and gas company’s stock after acquiring an additional 7,219 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Helmerich & Payne were worth $2,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Andra AP fonden lifted its stake in Helmerich & Payne by 65.7% in the second quarter. Andra AP fonden now owns 29,000 shares of the oil and gas company’s stock worth $1,576,000 after acquiring an additional 11,500 shares during the period. Royce & Associates LP lifted its stake in Helmerich & Payne by 5.2% in the second quarter. Royce & Associates LP now owns 511,569 shares of the oil and gas company’s stock worth $27,799,000 after acquiring an additional 25,300 shares during the period. American Century Companies Inc. lifted its stake in Helmerich & Payne by 18.7% in the second quarter. American Century Companies Inc. now owns 2,292,310 shares of the oil and gas company’s stock worth $124,564,000 after acquiring an additional 361,629 shares during the period. Point View Wealth Management Inc. lifted its stake in Helmerich & Payne by 26.0% in the second quarter. Point View Wealth Management Inc. now owns 43,508 shares of the oil and gas company’s stock worth $2,364,000 after acquiring an additional 8,985 shares during the period. Finally, Aviva PLC lifted its stake in Helmerich & Payne by 2.2% in the second quarter. Aviva PLC now owns 65,090 shares of the oil and gas company’s stock worth $3,537,000 after acquiring an additional 1,420 shares during the period.

Shares of Helmerich & Payne, Inc. (HP) opened at 43.02 on Monday. The company’s market capitalization is $4.67 billion. Helmerich & Payne, Inc. has a 1-year low of $42.16 and a 1-year high of $85.78. The firm’s 50 day moving average price is $48.45 and its 200-day moving average price is $57.89.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company had revenue of $498.60 million during the quarter, compared to analysts’ expectations of $452.42 million. During the same period last year, the business posted ($0.20) earnings per share. The firm’s revenue was up 36.0% compared to the same quarter last year. Analysts expect that Helmerich & Payne, Inc. will post ($1.32) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date was Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

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A number of analysts recently commented on the company. Zacks Investment Research raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub raised Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Seaport Global Securities reaffirmed a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Jefferies Group LLC set a $54.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Finally, Iberia Capital lowered Helmerich & Payne from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $74.00 to $55.00 in a research note on Monday, July 31st. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Helmerich & Payne currently has an average rating of “Hold” and an average price target of $56.30.

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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