Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,856 shares of the oil and gas company’s stock after buying an additional 309 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Helmerich & Payne were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HP. JPMorgan Chase & Co. grew its position in Helmerich & Payne by 2.2% during the first quarter. JPMorgan Chase & Co. now owns 328,890 shares of the oil and gas company’s stock worth $14,071,000 after buying an additional 7,160 shares during the period. Raymond James & Associates lifted its holdings in shares of Helmerich & Payne by 3.9% in the first quarter. Raymond James & Associates now owns 18,667 shares of the oil and gas company’s stock valued at $799,000 after purchasing an additional 709 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Helmerich & Payne in the first quarter valued at about $353,000. HighTower Advisors LLC lifted its holdings in shares of Helmerich & Payne by 4.2% in the first quarter. HighTower Advisors LLC now owns 18,629 shares of the oil and gas company’s stock valued at $799,000 after purchasing an additional 743 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Helmerich & Payne in the first quarter valued at about $272,000. 92.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Helmerich & Payne

In related news, SVP John R. Bell sold 4,314 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $50.00, for a total transaction of $215,700.00. Following the completion of the sale, the senior vice president now directly owns 117,395 shares of the company’s stock, valued at approximately $5,869,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.35% of the company’s stock.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $46.92 on Monday. Helmerich & Payne, Inc. has a 52-week low of $25.56 and a 52-week high of $54.59. The firm has a fifty day moving average of $48.93 and a 200-day moving average of $45.32. The firm has a market capitalization of $4.95 billion, a P/E ratio of 938.59, a PEG ratio of 0.20 and a beta of 1.70. The company has a quick ratio of 2.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.20.

Helmerich & Payne (NYSE:HPGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The oil and gas company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $631.33 million during the quarter, compared to analyst estimates of $597.29 million. Helmerich & Payne had a net margin of 0.34% and a return on equity of 0.45%. The business’s revenue was up 83.6% on a year-over-year basis. During the same period last year, the business earned ($0.62) EPS. As a group, analysts predict that Helmerich & Payne, Inc. will post 4.48 EPS for the current year.

Helmerich & Payne Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 4.13%. This is a positive change from Helmerich & Payne’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, February 13th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,000.40%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Helmerich & Payne to $65.00 in a report on Monday, November 21st. ATB Capital upped their price target on shares of Helmerich & Payne to $71.00 in a report on Monday, November 21st. Susquehanna Bancshares upped their price target on shares of Helmerich & Payne from $62.00 to $65.00 and gave the company a “positive” rating in a report on Friday, November 18th. Evercore ISI upped their price objective on shares of Helmerich & Payne to $67.00 in a research note on Monday, November 21st. Finally, TheStreet downgraded shares of Helmerich & Payne from a “b-” rating to a “c+” rating in a research note on Tuesday, December 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Helmerich & Payne has a consensus rating of “Moderate Buy” and a consensus target price of $60.55.

About Helmerich & Payne

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Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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

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