Aviva PLC Has $1.92 Million Stake in Helmerich & Payne, Inc. (HP)

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Aviva PLC trimmed its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,984 shares of the oil and gas company’s stock after selling 10,962 shares during the period. Aviva PLC’s holdings in Helmerich & Payne were worth $1,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new stake in Helmerich & Payne in the 4th quarter worth about $31,000. First Mercantile Trust Co. lifted its stake in Helmerich & Payne by 43.3% in the 4th quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 290 shares in the last quarter. Enlightenment Research LLC purchased a new stake in Helmerich & Payne in the 4th quarter worth about $48,000. Exane Asset Management purchased a new stake in Helmerich & Payne in the 4th quarter worth about $78,000. Finally, TLP Group LLC purchased a new stake in Helmerich & Payne in the 3rd quarter worth about $120,000. 92.93% of the stock is owned by institutional investors and hedge funds.

HP opened at $55.27 on Friday. Helmerich & Payne, Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $74.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.70 and a quick ratio of 2.29. The stock has a market cap of $6.04 billion, a PE ratio of 394.79 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a return on equity of 1.18% and a net margin of 0.06%. The company had revenue of $740.60 million during the quarter, compared to the consensus estimate of $716.12 million. On average, research analysts forecast that Helmerich & Payne, Inc. will post 1.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, May 10th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,028.57%.

Several equities research analysts recently issued reports on HP shares. Wells Fargo & Co raised Helmerich & Payne from a “market perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a research note on Tuesday, December 11th. JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $66.00 to $63.00 in a research note on Tuesday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $76.00 price objective on shares of Helmerich & Payne in a research note on Monday, November 19th. Bank of America raised Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $68.00 in a research note on Thursday, January 31st. Finally, Royal Bank of Canada set a $80.00 price objective on Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, December 20th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.00.

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Helmerich & Payne 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.

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

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