Prudential Financial Inc. increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,856 shares of the oil and gas company’s stock after purchasing an additional 970 shares during the period. Prudential Financial Inc. owned 0.09% of Helmerich & Payne worth $5,055,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Commonwealth Bank of Australia boosted its stake in Helmerich & Payne by 150.0% in the first quarter. Commonwealth Bank of Australia now owns 500 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Synovus Financial Corp boosted its stake in Helmerich & Payne by 45.0% in the first quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 180 shares during the period. Parallel Advisors LLC boosted its stake in Helmerich & Payne by 2,704.0% in the second quarter. Parallel Advisors LLC now owns 701 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 676 shares during the period. CSat Investment Advisory L.P. boosted its stake in Helmerich & Payne by 38.6% in the first quarter. CSat Investment Advisory L.P. now owns 941 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 262 shares during the period. Finally, Edge Wealth Management LLC boosted its stake in Helmerich & Payne by 233.3% in the second quarter. Edge Wealth Management LLC now owns 1,000 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

A number of equities analysts have commented on HP shares. Bank of America decreased their target price on Helmerich & Payne from $56.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Evercore ISI assumed coverage on Helmerich & Payne in a research report on Thursday, June 6th. They set an “outperform” rating for the company. Susquehanna Bancshares reduced their price objective on Helmerich & Payne from $72.00 to $62.00 in a research report on Wednesday, July 10th. ValuEngine downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Helmerich & Payne in a research report on Thursday, June 20th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.86.

NYSE:HP traded up $0.49 during midday trading on Friday, hitting $41.25. 16,439 shares of the stock were exchanged, compared to its average volume of 1,499,674. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 294.86, a P/E/G ratio of 1.22 and a beta of 1.57. Helmerich & Payne, Inc. has a one year low of $36.06 and a one year high of $73.74. The business has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $51.13. The company has a current ratio of 2.86, a quick ratio of 2.47 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $687.97 million for the quarter, compared to analysts’ expectations of $689.41 million. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) earnings per share. Sell-side analysts forecast that Helmerich & Payne, Inc. will post 1.53 EPS for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be issued a $0.71 dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 7.4%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

Further Reading: Limitations of the P/E Growth ratio

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

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