2 days Ago By Defense World Staff
State of New Jersey Common Pension Fund D boosted its position in shares of Helmerich & Payne, Inc. ( NYSE:HP – Free Report ) by 18.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 58,634 shares of the oil and gas company’s stock after acquiring an additional 9,004 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Helmerich & Payne worth $1,784,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its stake in Helmerich & Payne by 1.3% during the second quarter.
Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after purchasing an additional 342 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Helmerich & Payne by 2.4% in the 2nd quarter.
Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 513 shares in the last quarter. Covestor Ltd grew 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 worth $45,000 after purchasing an additional 643 shares during the last quarter. Headlands Technologies LLC grew 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 worth $56,000 after purchasing an additional 757 shares during the last quarter. Finally, Keene & Associates Inc. increased its position in shares of Helmerich & Payne by 11.
3% during the 2nd quarter. Keene & Associates Inc. now owns 7,760 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 785 shares in the last quarter.
Institutional investors and hedge funds own 96.05% of the company’s stock. Analyst Ratings Changes A number of research firms have recently issued reports on HP.
The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th.
Citigroup cut their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th.
Royal Bank of Canada lowered their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday.
Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Finally, Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.00.
Helmerich & Payne Stock Performance Shares of NYSE:HP opened at $33.62 on Tuesday. The company has a current ratio of 2.
67, a quick ratio of 1.87 and a debt-to-equity ratio of 0.61.
Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.
11. The stock has a market capitalization of $3.32 billion, a P/E ratio of 9.
77, a P/E/G ratio of 3.59 and a beta of 1.40.
The business has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $35.09.
Helmerich & Payne ( NYSE:HP – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.
76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.
44%. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.
99 million. During the same period in the previous year, the firm posted $0.69 earnings per share.
Helmerich & Payne’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Helmerich & Payne, Inc.
will post 3.57 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.
Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th.
This represents a $1.00 annualized dividend and a dividend yield of 2.97%.
Helmerich & Payne’s dividend payout ratio is currently 29.07%. About Helmerich & Payne ( Free Report ) 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. Recommended Stories Five stocks we like better than Helmerich & Payne How to Use Stock Screeners to Find Stocks Is Monolithic Power Systems a Screaming Buy After Near 40% Drop? High Dividend REITs: Are They an Ideal Way to Diversify? Applied Materials Market Capitulates: Now is the Time to Buy Industrial Products Stocks Investing 3 Ultra-High Dividend Yield Stocks for the New Year Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc.
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