2,583 Shares in Helmerich & Payne, Inc. (HP) Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) during the first quarter, Holdings Channel reports. The firm bought 2,583 shares of the oil and gas company’s stock, valued at approximately $172,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ibex Wealth Advisors purchased a new position in shares of Helmerich & Payne during the fourth quarter worth approximately $148,000. Independent Advisor Alliance purchased a new position in shares of Helmerich & Payne during the fourth quarter worth approximately $213,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock worth $180,000 after buying an additional 116 shares during the last quarter. Capital International Inc. CA raised its position in shares of Helmerich & Payne by 220.0% in the fourth quarter. Capital International Inc. CA now owns 3,200 shares of the oil and gas company’s stock worth $248,000 after buying an additional 2,200 shares during the last quarter. Finally, Tompkins Financial Corp raised its position in shares of Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,395 shares during the last quarter.

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

Helmerich & Payne, Inc. (NYSE:HP) opened at 54.07 on Tuesday. The company’s market capitalization is $5.87 billion. Helmerich & Payne, Inc. has a 1-year low of $49.46 and a 1-year high of $85.78. The firm has a 50-day moving average price of $55.97 and a 200-day moving average price of $67.86.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, April 27th. The oil and gas company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.07. Helmerich & Payne had a negative return on equity of 3.96% and a negative net margin of 12.09%. The company had revenue of $405.30 million during the quarter, compared to the consensus estimate of $386.83 million. During the same period in the previous year, the business earned $0.19 earnings per share. Helmerich & Payne’s revenue was down 7.5% on a year-over-year basis. On average, analysts forecast that Helmerich & Payne, Inc. will post ($1.34) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s payout ratio is currently -168.67%.

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A number of brokerages recently commented on HP. BidaskClub upgraded Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC set a $54.00 price target on Helmerich & Payne and gave the company a “hold” rating in a research report on Tuesday, June 6th. Royal Bank Of Canada reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Friday, May 26th. Credit Suisse Group restated a “sell” rating and set a $63.00 target price on shares of Helmerich & Payne in a report on Thursday, March 30th. Finally, Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, April 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $64.64.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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