Hemenway Trust Co LLC held its stake in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,840 shares of the oil and gas company’s stock at the end of the second quarter. Hemenway Trust Co LLC’s holdings in Helmerich & Payne were worth $2,491,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in HP. Physicians Financial Services Inc. boosted its position in shares of Helmerich & Payne by 0.4% in the first quarter. Physicians Financial Services Inc. now owns 12,850 shares of the oil and gas company’s stock valued at $855,000 after buying an additional 50 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Helmerich & Payne by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 10,058 shares of the oil and gas company’s stock valued at $547,000 after buying an additional 57 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock valued at $180,000 after buying an additional 116 shares during the period. Denver Investment Advisors LLC boosted its position in shares of Helmerich & Payne by 0.5% in the first quarter. Denver Investment Advisors LLC now owns 26,805 shares of the oil and gas company’s stock valued at $1,784,000 after buying an additional 124 shares during the period. Finally, SignalPoint Asset Management LLC boosted its position in shares of Helmerich & Payne by 1.0% in the first quarter. SignalPoint Asset Management LLC now owns 12,821 shares of the oil and gas company’s stock valued at $853,000 after buying an additional 126 shares during the period.
Helmerich & Payne, Inc. (NYSE HP) traded up 1.27% on Friday, reaching $43.70. The company had a trading volume of 1,586,168 shares. The company’s market capitalization is $4.74 billion. Helmerich & Payne, Inc. has a 12 month low of $43.00 and a 12 month high of $85.78. The company’s 50 day moving average price is $51.28 and its 200-day moving average price is $59.76.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company had revenue of $498.60 million during the quarter, compared to the consensus estimate of $452.42 million. During the same period in the prior year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities analysts predict that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 6.41%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -167.66%.
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HP has been the topic of several research analyst reports. Iberia Capital cut Helmerich & Payne from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $74.00 to $55.00 in a research note on Monday, July 31st. BidaskClub upgraded Helmerich & Payne from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group restated a “hold” rating and set a $63.00 price objective on shares of Helmerich & Payne in a research note on Tuesday, May 2nd. BMO Capital Markets cut their target price on Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating on the stock in a research note on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) cut Helmerich & Payne from a “neutral” rating to a “sell” rating and cut their target price for the company from $63.00 to $45.00 in a research note on Monday, May 22nd. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $56.77.
About Helmerich & Payne
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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