Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Park National Corp OH

Park National Corp OH boosted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 43.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,701 shares of the oil and gas company’s stock after buying an additional 10,826 shares during the quarter. Park National Corp OH’s holdings in Helmerich & Payne were worth $1,984,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Liberty Wealth Management LLC bought a new position in Helmerich & Payne in the 4th quarter worth $26,000. Arbor Wealth Management LLC acquired a new stake in shares of Helmerich & Payne during the 4th quarter valued at about $30,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Helmerich & Payne during the 4th quarter valued at about $31,000. CSat Investment Advisory L.P. boosted its position in shares of Helmerich & Payne by 41.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 679 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 199 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Helmerich & Payne by 43.3% during the 4th quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 290 shares in the last quarter. 93.71% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on HP shares. JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $66.00 to $63.00 in a research report on Tuesday, January 15th. Wells Fargo & Co restated a “buy” rating on shares of Helmerich & Payne in a research report on Sunday, January 6th. Goldman Sachs Group initiated coverage on shares of Helmerich & Payne in a research report on Sunday, March 10th. They issued a “neutral” rating and a $65.00 price target on the stock. Susquehanna Bancshares set a $70.00 price target on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Bank of America upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $68.00 in a research report on Thursday, January 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.47.

Shares of HP stock traded down $2.11 during trading hours on Wednesday, reaching $60.90. 1,315,799 shares of the company were exchanged, compared to its average volume of 1,323,922. Helmerich & Payne, Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $73.87. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 435.00 and a beta of 1.51. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a net margin of 0.06% and a return on equity of 1.18%. The company had revenue of $740.60 million for the quarter, compared to analyst estimates of $716.12 million. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, May 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.66%. Helmerich & Payne’s payout ratio is 2,028.57%.

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About Helmerich & Payne

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: Commodities

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

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