The Manufacturers Life Insurance Company Has $35.57 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

The Manufacturers Life Insurance Company boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 984,263 shares of the oil and gas company’s stock after buying an additional 128,372 shares during the period. The Manufacturers Life Insurance Company owned about 1.00% of Helmerich & Payne worth $35,571,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of Helmerich & Payne in the first quarter worth approximately $33,000. Hexagon Capital Partners LLC boosted its stake in Helmerich & Payne by 514.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 787 shares during the period. Covestor Ltd grew its position in Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 674 shares in the last quarter. Whittier Trust Co. grew its position in Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 595 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in Helmerich & Payne during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of HP opened at $30.41 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The firm has a market cap of $3.00 billion, a PE ratio of 8.69, a PEG ratio of 3.62 and a beta of 1.42. The firm’s 50 day moving average price is $33.62 and its 200 day moving average price is $36.82. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.80.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The business had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. During the same quarter last year, the firm earned $1.09 EPS. Helmerich & Payne’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, research analysts expect that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 28.57%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HP shares. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Piper Sandler dropped their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Bank of America decreased their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.88.

Helmerich & Payne Company Profile

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.