Mraz Amerine & Associates Inc. Has $1.89 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Mraz Amerine & Associates Inc. cut its stake in Helmerich & Payne, Inc. (NYSE:HP) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,380 shares of the oil and gas company’s stock after selling 1,150 shares during the period. Helmerich & Payne makes up about 0.6% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 25th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Helmerich & Payne were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Bank of Australia raised its holdings in Helmerich & Payne by 150.0% in the 1st quarter. Commonwealth Bank of Australia now owns 500 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Helmerich & Payne during the 1st quarter worth $28,000. Synovus Financial Corp raised 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 buying an additional 180 shares in the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of Helmerich & Payne by 38.6% during the 1st quarter. CSat Investment Advisory L.P. now owns 941 shares of the oil and gas company’s stock worth $52,000 after buying an additional 262 shares in the last quarter. Finally, Edge Wealth Management LLC raised 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 buying an additional 700 shares in the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors.

HP traded up $0.24 on Friday, reaching $39.41. The stock had a trading volume of 1,368,500 shares, compared to its average volume of 1,681,057. Helmerich & Payne, Inc. has a fifty-two week low of $38.78 and a fifty-two week high of $73.74. The firm has a 50-day moving average of $47.98 and a 200-day moving average of $53.42. The company has a current ratio of 2.86, a quick ratio of 2.47 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 281.50 and a beta of 1.49.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The business had revenue of $687.97 million during the quarter, compared to analysts’ expectations of $689.41 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 1.58 EPS for the current fiscal 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 issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.84 dividend on an annualized basis and a yield of 7.21%. Helmerich & Payne’s payout ratio is presently 2,028.57%.

A number of research firms have recently commented on HP. AltaCorp Capital reissued an “outperform” rating on shares of Helmerich & Payne in a report on Thursday, June 20th. Piper Jaffray Companies lowered their price target on Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Evercore ISI began coverage on Helmerich & Payne in a report on Thursday, June 6th. They set an “outperform” rating for the company. ValuEngine cut Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Susquehanna Bancshares lowered their price target on Helmerich & Payne from $72.00 to $62.00 in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.08.

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.

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

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