Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Commonwealth Bank of Australia

Commonwealth Bank of Australia grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 150.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the quarter. Commonwealth Bank of Australia’s holdings in Helmerich & Payne were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HP. Pinnacle Associates Ltd. boosted its stake in Helmerich & Payne by 4.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 342,707 shares of the oil and gas company’s stock worth $19,041,000 after purchasing an additional 14,015 shares during the period. Roof Eidam & Maycock ADV bought a new position in Helmerich & Payne in the 1st quarter worth about $886,000. Nomura Asset Management Co. Ltd. boosted its stake in Helmerich & Payne by 4.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 19,278 shares of the oil and gas company’s stock worth $1,071,000 after purchasing an additional 796 shares during the period. Synovus Financial Corp boosted its stake in Helmerich & Payne by 45.0% in the 1st quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 180 shares during the period. Finally, Mraz Amerine & Associates Inc. raised its holdings in shares of Helmerich & Payne by 0.5% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 38,530 shares of the oil and gas company’s stock valued at $2,141,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.

Helmerich & Payne stock traded up $0.88 during midday trading on Friday, reaching $50.62. 1,053,943 shares of the stock traded hands, compared to its average volume of 1,423,428. Helmerich & Payne, Inc. has a 12 month low of $44.56 and a 12 month high of $73.74. The company has a current ratio of 2.80, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $51.90. The company has a market cap of $5.54 billion, a PE ratio of 361.57 and a beta of 1.56.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.18. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The firm had revenue of $720.87 million for the quarter, compared to the consensus estimate of $712.29 million. During the same period in the prior year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, research analysts predict that Helmerich & Payne, Inc. will post 1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.84 annualized dividend and a yield of 5.61%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.

Several analysts have weighed in on HP shares. TheStreet raised Helmerich & Payne from a “c” rating to a “b-” rating in a report on Wednesday, April 24th. Susquehanna Bancshares set a $70.00 price objective on Helmerich & Payne and gave the company a “buy” rating in a report on Tuesday, April 2nd. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Tuesday, March 19th. JPMorgan Chase & Co. set a $69.00 price objective on Helmerich & Payne and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a research report on Thursday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $66.47.

Helmerich & Payne 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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