Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in Helmerich & Payne, Inc. (NYSE:HP) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,715 shares of the oil and gas company’s stock after buying an additional 2,782 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of Helmerich & Payne worth $9,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. DNB Asset Management AS bought a new stake in shares of Helmerich & Payne in the fourth quarter worth $529,000. Assenagon Asset Management S.A. increased its holdings in Helmerich & Payne by 116.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 201,823 shares of the oil and gas company’s stock worth $9,675,000 after buying an additional 108,472 shares during the last quarter. Viking Fund Management LLC increased its holdings in Helmerich & Payne by 11.1% during the fourth quarter. Viking Fund Management LLC now owns 5,000 shares of the oil and gas company’s stock worth $240,000 after buying an additional 500 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Helmerich & Payne by 10.7% during the fourth quarter. IFM Investors Pty Ltd now owns 6,862 shares of the oil and gas company’s stock worth $329,000 after buying an additional 661 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in Helmerich & Payne by 1.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,614 shares of the oil and gas company’s stock worth $749,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

HP traded down $1.85 on Friday, hitting $48.40. 1,396,327 shares of the stock were exchanged, compared to its average volume of 1,299,629. Helmerich & Payne, Inc. has a 12 month low of $44.56 and a 12 month high of $73.74. The company has a quick ratio of 2.37, a current ratio of 2.80 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 345.71 and a beta of 1.56.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.18. Helmerich & Payne had a net margin of 2.65% and a return on equity of 2.95%. The business had revenue of $720.87 million during the quarter, compared to analysts’ expectations of $712.29 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Helmerich & Payne’s revenue was up 24.8% compared to the same quarter last year. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 1.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be issued a $0.71 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.87%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.

Several equities analysts have commented on the stock. Evercore ISI assumed coverage on shares of Helmerich & Payne in a report on Thursday, June 6th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Tuesday, March 19th. Piper Jaffray Companies set a $61.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Thursday, April 4th. Susquehanna Bancshares set a $70.00 target price on shares of Helmerich & Payne and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Goldman Sachs Group began coverage on shares of Helmerich & Payne in a research report on Sunday, March 10th. They issued a “neutral” rating and a $65.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $66.74.

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Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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