Nuveen Asset Management LLC Sells 1,079 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Nuveen Asset Management LLC decreased its position in Helmerich & Payne, Inc. (NYSE:HP) by 15.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,919 shares of the oil and gas company’s stock after selling 1,079 shares during the period. Nuveen Asset Management LLC’s holdings in Helmerich & Payne were worth $394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HP. Bristlecone Advisors LLC boosted its position in shares of Helmerich & Payne by 2.6% in the first quarter. Bristlecone Advisors LLC now owns 19,180 shares of the oil and gas company’s stock worth $1,277,000 after buying an additional 495 shares in the last quarter. Achmea Investment Management B.V. bought a new position in shares of Helmerich & Payne during the first quarter worth approximately $1,563,000. OLD Republic International Corp boosted its position in shares of Helmerich & Payne by 7.3% in the first quarter. OLD Republic International Corp now owns 530,100 shares of the oil and gas company’s stock worth $35,289,000 after buying an additional 36,000 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Helmerich & Payne by 572.3% in the first quarter. Bank of Nova Scotia now owns 282,347 shares of the oil and gas company’s stock worth $18,796,000 after buying an additional 240,347 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Helmerich & Payne during the first quarter worth approximately $236,000.

Helmerich & Payne, Inc. (NYSE:HP) opened at 43.70 on Friday. Helmerich & Payne, Inc. has a 12-month low of $43.00 and a 12-month high of $85.78. The company’s market capitalization is $4.74 billion. The stock’s 50 day moving average price is $51.28 and its 200 day moving average price is $59.76.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The firm had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) earnings per share. On average, equities research analysts anticipate that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Wednesday, August 16th. Helmerich & Payne’s payout ratio is -167.66%.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/19/nuveen-asset-management-llc-sells-1079-shares-of-helmerich-payne-inc-nysehp-updated-updated.html.

A number of research analysts have commented on the company. Cowen and Company restated a “hold” rating and set a $50.00 price objective on shares of Helmerich & Payne in a research note on Friday, August 11th. Evercore ISI reiterated an “in-line” rating and issued a $48.00 price target (down previously from $65.00) on shares of Helmerich & Payne in a research note on Tuesday, August 1st. Iberia Capital cut Helmerich & Payne from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $74.00 to $55.00 in a research note on Monday, July 31st. UBS AG reiterated a “buy” rating and issued a $60.00 price target (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Finally, BidaskClub cut Helmerich & Payne from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $56.77.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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

What are top analysts saying about Helmerich & Payne Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Helmerich & Payne Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit