AMP Capital Investors Ltd increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,995 shares of the oil and gas company’s stock after buying an additional 1,400 shares during the period. AMP Capital Investors Ltd’s holdings in Helmerich & Payne were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ffcm LLC lifted its holdings in 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 in the last quarter. AlphaMark Advisors LLC increased its stake in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 101 shares during the last quarter. Sandy Spring Bank increased its stake in shares of Helmerich & Payne by 36.7% in the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 950 shares during the last quarter. Sapphire Star Partners LP acquired a new stake in shares of Helmerich & Payne in the 3rd quarter worth $202,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Helmerich & Payne in the 3rd quarter worth $206,000.

Helmerich & Payne, Inc. (NYSE:HP) opened at $59.60 on Wednesday. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12. Helmerich & Payne, Inc. has a 52-week low of $42.16 and a 52-week high of $81.30.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $532.30 million during the quarter, compared to the consensus estimate of $493.78 million. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. Helmerich & Payne’s revenue was up 60.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. analysts predict that Helmerich & Payne, Inc. will post -0.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s dividend payout ratio is currently -233.33%.

A number of analysts have issued reports on HP shares. Deutsche Bank started coverage on Helmerich & Payne in a research note on Tuesday, October 10th. They issued a “hold” rating and a $45.00 target price for the company. Royal Bank of Canada set a $57.00 target price on Helmerich & Payne and gave the stock a “sector perform” rating in a research note on Friday, November 17th. Cowen set a $50.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group set a $58.00 target price on Helmerich & Payne and gave the stock a “hold” rating in a research note on Saturday, November 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Helmerich & Payne in a research note on Wednesday, September 6th. Eight equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $54.92.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of Helmerich & Payne stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $57.80, for a total value of $147,679.00. Following the completion of the transaction, the director now directly owns 12,525 shares of the company’s stock, valued at approximately $723,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.23% of the company’s stock.

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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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