Caisse DE Depot ET Placement DU Quebec Increases Position in Helmerich & Payne, Inc. (HP)

Caisse DE Depot ET Placement DU Quebec boosted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 2.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 35,596 shares of the oil and gas company’s stock after buying an additional 700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Helmerich & Payne were worth $2,372,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HP. Toronto Dominion Bank boosted its stake in shares of Helmerich & Payne by 57.0% in the first quarter. Toronto Dominion Bank now owns 29,291 shares of the oil and gas company’s stock valued at $1,950,000 after buying an additional 10,637 shares during the period. Macquarie Group Ltd. raised its position in Helmerich & Payne by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 53,350 shares of the oil and gas company’s stock valued at $4,129,000 after buying an additional 500 shares in the last quarter. Smith Asset Management Group LP raised its position in Helmerich & Payne by 1.0% in the first quarter. Smith Asset Management Group LP now owns 209,207 shares of the oil and gas company’s stock valued at $13,941,000 after buying an additional 2,027 shares in the last quarter. US Bancorp DE raised its position in Helmerich & Payne by 33.6% in the first quarter. US Bancorp DE now owns 303,054 shares of the oil and gas company’s stock valued at $20,174,000 after buying an additional 76,291 shares in the last quarter. Finally, Denver Investment Advisors LLC raised its position in Helmerich & Payne by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 26,805 shares of the oil and gas company’s stock valued at $1,784,000 after buying an additional 124 shares in the last quarter.

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

Shares of Helmerich & Payne, Inc. (HP) traded down 1.6142% during mid-day trading on Tuesday, hitting $53.1972. The company had a trading volume of 1,680,520 shares. The firm’s market capitalization is $5.78 billion. The firm has a 50-day moving average price of $55.97 and a 200 day moving average price of $67.86. Helmerich & Payne, Inc. has a 52-week low of $49.46 and a 52-week high of $85.78.

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

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

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Several research analysts recently commented on HP shares. Citigroup Inc. reiterated a “neutral” rating and issued a $73.00 price target (down previously from $83.00) on shares of Helmerich & Payne in a research report on Saturday, March 11th. Bank of America Corporation upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $82.00 to $79.00 in a research report on Friday, February 24th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, April 3rd. Credit Suisse Group reiterated a “sell” rating and issued a $63.00 price target on shares of Helmerich & Payne in a research report on Thursday, March 30th. Finally, Evercore ISI upgraded Helmerich & Payne from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Helmerich & Payne presently 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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