Janney Montgomery Scott LLC Raises Position in Helmerich & Payne, Inc. (NYSE:HP)

Janney Montgomery Scott LLC lifted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 654.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,139 shares of the oil and gas company’s stock after purchasing an additional 20,074 shares during the period. Janney Montgomery Scott LLC’s holdings in Helmerich & Payne were worth $1,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Helmerich & Payne by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,696,482 shares of the oil and gas company’s stock worth $179,478,000 after acquiring an additional 78,481 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Helmerich & Payne by 18.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 875,057 shares of the oil and gas company’s stock worth $58,244,000 after acquiring an additional 137,038 shares during the period. Fisher Asset Management LLC lifted its stake in Helmerich & Payne by 2.7% in the second quarter. Fisher Asset Management LLC now owns 866,857 shares of the oil and gas company’s stock worth $55,271,000 after acquiring an additional 22,457 shares during the period. Arosa Capital Management LP lifted its stake in Helmerich & Payne by 95.1% in the first quarter. Arosa Capital Management LP now owns 706,472 shares of the oil and gas company’s stock worth $47,023,000 after acquiring an additional 344,287 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Helmerich & Payne by 26.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 384,858 shares of the oil and gas company’s stock worth $25,616,000 after acquiring an additional 80,077 shares during the period. Hedge funds and other institutional investors own 91.72% of the company’s stock.

A number of analysts recently weighed in on HP shares. Stephens raised shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 price objective for the company in a research note on Monday, July 30th. Jefferies Financial Group raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. JPMorgan Chase & Co. upped their price objective on shares of Helmerich & Payne from $47.00 to $49.00 and gave the stock an “underweight” rating in a research note on Friday, July 27th. Piper Jaffray Companies set a $67.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research note on Sunday, July 29th. Finally, ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. Helmerich & Payne currently has a consensus rating of “Hold” and an average target price of $64.71.

Shares of HP stock traded down $0.88 during mid-day trading on Friday, hitting $65.57. 1,082,200 shares of the stock traded hands, compared to its average volume of 1,467,434. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -51.41 and a beta of 1.32. Helmerich & Payne, Inc. has a 52-week low of $42.16 and a 52-week high of $75.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.57 and a current ratio of 2.97.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The firm had revenue of $648.87 million for the quarter, compared to analysts’ expectations of $617.06 million. Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) earnings per share. equities analysts predict that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.71 dividend. This is a positive change from Helmerich & Payne’s previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -223.62%.

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.

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

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