Rothschild Investment Corp IL increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 138.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,460 shares of the oil and gas company’s stock after buying an additional 8,398 shares during the period. Rothschild Investment Corp IL’s holdings in Helmerich & Payne were worth $786,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of HP. Ibex Wealth Advisors bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at about $148,000. Ameritas Investment Partners Inc. bought a new stake in shares of Helmerich & Payne during the first quarter valued at about $172,000. Mn Services Vermogensbeheer B.V. increased its stake 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. Tompkins Financial Corp increased its stake in shares of Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 2,395 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of Helmerich & Payne during the first quarter valued at about $209,000.
Shares of Helmerich & Payne, Inc. (NYSE HP) traded up 1.27% during mid-day trading on Friday, reaching $43.70. 1,586,168 shares of the company’s stock were exchanged. The firm’s market cap is $4.74 billion. The company has a 50 day moving average price of $51.28 and a 200 day moving average price of $59.76. Helmerich & Payne, Inc. has a 52-week low of $43.00 and a 52-week high of $85.78.
Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter last year, the firm earned ($0.20) EPS. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. Analysts forecast that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio is currently -167.66%.
HP has been the subject of several research reports. UBS AG restated a “buy” rating and set a $86.00 price objective (down from $91.00) on shares of Helmerich & Payne in a research report on Tuesday, May 2nd. Credit Suisse Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Helmerich & Payne in a report on Wednesday, May 24th. Vetr raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Monday, July 10th. Jefferies Group LLC set a $54.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Tuesday, June 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 target price on shares of Helmerich & Payne in a report on Monday, May 29th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.77.
Helmerich & Payne Company Profile
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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