Rothschild & Co. Asset Management US Inc. raised its position in Helmerich & Payne, Inc. (NYSE:HP) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 968,743 shares of the oil and gas company’s stock after buying an additional 7,754 shares during the period. Rothschild & Co. Asset Management US Inc. owned about 0.89% of Helmerich & Payne worth $49,038,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Commonwealth Bank of Australia boosted its holdings in shares of Helmerich & Payne by 150.0% during the 1st quarter. Commonwealth Bank of Australia now owns 500 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Helmerich & Payne during the 1st quarter worth approximately $28,000. Synovus Financial Corp boosted its holdings in shares of Helmerich & Payne by 45.0% during the 1st quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 180 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of Helmerich & Payne by 233.3% during the 2nd quarter. Edge Wealth Management LLC now owns 1,000 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 700 shares during the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in Helmerich & Payne by 38.6% in the first quarter. CSat Investment Advisory L.P. now owns 941 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 90.58% of the company’s stock.
A number of research analysts recently commented on the company. Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a report on Thursday, June 27th. JPMorgan Chase & Co. set a $69.00 price objective on Helmerich & Payne and gave the company a “buy” rating in a report on Wednesday, June 5th. Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Susquehanna Bancshares decreased their price objective on Helmerich & Payne from $72.00 to $62.00 in a report on Wednesday, July 10th. Finally, Piper Jaffray Companies decreased their price objective on Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.92.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $687.97 million for the quarter, compared to analyst estimates of $689.41 million. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) earnings per share. On average, sell-side analysts expect that Helmerich & Payne, Inc. will post 1.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Friday, August 9th. Helmerich & Payne’s payout ratio is 2,028.57%.
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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