Systematic Financial Management LP boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 14,482.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,887 shares of the oil and gas company’s stock after acquiring an additional 133,962 shares during the quarter. Systematic Financial Management LP owned 0.12% of Helmerich & Payne worth $7,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Helmerich & Payne by 45.6% in the 2nd quarter. Wells Fargo & Company MN now owns 554,991 shares of the oil and gas company’s stock valued at $30,158,000 after purchasing an additional 173,791 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Helmerich & Payne by 2,514.0% in the 2nd quarter. Franklin Resources Inc. now owns 738,254 shares of the oil and gas company’s stock valued at $40,118,000 after purchasing an additional 710,012 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Helmerich & Payne by 2.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 11,456 shares of the oil and gas company’s stock valued at $622,000 after purchasing an additional 300 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Helmerich & Payne by 5.1% in the 2nd quarter. Schroder Investment Management Group now owns 769,747 shares of the oil and gas company’s stock valued at $41,851,000 after purchasing an additional 37,272 shares during the last quarter. Finally, Ffcm LLC boosted its stake in shares of Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the last quarter.

A number of research firms have recently commented on HP. Royal Bank Of Canada set a $80.00 price objective on shares of Helmerich & Payne and gave the company a “hold” rating in a research note on Saturday, July 1st. Vetr raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Monday, July 10th. Zacks Investment Research raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Seaport Global Securities reaffirmed a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Helmerich & Payne in a research note on Friday, August 11th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.86.

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Helmerich & Payne, Inc. (HP) opened at 45.48 on Monday. The firm’s market cap is $4.94 billion. Helmerich & Payne, Inc. has a 12-month low of $42.16 and a 12-month high of $85.78. The firm’s 50-day moving average is $46.98 and its 200 day moving average is $57.21.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Zacks’ 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 firm had revenue of $498.60 million for the quarter, compared to analysts’ expectations of $452.42 million. During the same quarter in the previous year, the business posted ($0.20) EPS. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Equities analysts forecast that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

About Helmerich & Payne

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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