Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 45.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,345 shares of the oil and gas company’s stock after purchasing an additional 9,729 shares during the quarter. Intech Investment Management LLC’s holdings in Helmerich & Payne were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 643 shares during the period. Blue Trust Inc. increased its holdings in shares of Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 854 shares during the period. Headlands Technologies LLC increased its holdings in shares of Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 757 shares during the period. Eastern Bank acquired a new position in shares of Helmerich & Payne in the 3rd quarter valued at $61,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Helmerich & Payne in the 1st quarter valued at $102,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HP. Barclays lowered their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. The Goldman Sachs Group lowered their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Citigroup lowered their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada lowered their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

Helmerich & Payne Stock Up 1.3 %

HP opened at $34.86 on Friday. The firm has a 50 day moving average price of $34.07 and a 200 day moving average price of $34.92. The company has a market cap of $3.44 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.19 and a beta of 1.40. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Sell-side analysts expect that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is presently 29.07%.

About Helmerich & Payne

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.