Helmerich & Payne, Inc. (HP) Shares Bought by BLB&B Advisors LLC

BLB&B Advisors LLC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 47.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,134 shares of the oil and gas company’s stock after acquiring an additional 8,769 shares during the quarter. BLB&B Advisors LLC’s holdings in Helmerich & Payne were worth $1,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Front Barnett Associates LLC boosted its position in shares of Helmerich & Payne by 0.8% during the 2nd quarter. Front Barnett Associates LLC now owns 123,087 shares of the oil and gas company’s stock valued at $7,848,000 after acquiring an additional 990 shares during the last quarter. Gabelli Funds LLC lifted its position in Helmerich & Payne by 2.9% in the 2nd quarter. Gabelli Funds LLC now owns 35,000 shares of the oil and gas company’s stock worth $2,232,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Helmerich & Payne by 3.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,204 shares of the oil and gas company’s stock worth $1,735,000 after buying an additional 1,001 shares during the last quarter. US Bancorp DE lifted its position in Helmerich & Payne by 0.5% in the 2nd quarter. US Bancorp DE now owns 191,620 shares of the oil and gas company’s stock worth $12,218,000 after buying an additional 1,011 shares during the last quarter. Finally, Rampart Investment Management Company LLC lifted its position in Helmerich & Payne by 84.3% in the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,122 shares during the last quarter. Hedge funds and other institutional investors own 92.10% of the company’s stock.

Shares of Helmerich & Payne stock opened at $69.41 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.57 and a current ratio of 2.97. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of -54.65 and a beta of 1.36. Helmerich & Payne, Inc. has a one year low of $50.64 and a one year high of $75.02.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). The company had revenue of $648.87 million during the quarter, compared to analysts’ expectations of $617.06 million. Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. Helmerich & Payne’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm earned ($0.25) earnings per share. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 0.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a yield of 4.09%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -223.62%.

A number of analysts recently weighed in on HP shares. ValuEngine downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Jefferies Financial Group upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Tuesday. B. Riley set a $83.00 target price on Helmerich & Payne and gave the stock a “buy” rating in a research report on Sunday, October 7th. Finally, JPMorgan Chase & Co. upgraded Helmerich & Payne from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $49.00 to $58.00 in a research report on Friday, September 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $72.29.

In other Helmerich & Payne news, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $65.13, for a total value of $736,555.17. Following the completion of the transaction, the director now directly owns 14,874 shares in the company, valued at $968,743.62. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

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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