Lyell Wealth Management LP decreased its position in Helmerich & Payne, Inc. (NYSE:HP) by 57.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,885 shares of the oil and gas company’s stock after selling 10,655 shares during the quarter. Lyell Wealth Management LP’s holdings in Helmerich & Payne were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Ffcm LLC raised its stake in Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the last quarter. AlphaMark Advisors LLC raised its stake in Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 101 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Helmerich & Payne in the 1st quarter valued at about $209,000. Murphy Capital Management Inc. raised its stake in Helmerich & Payne by 2.6% in the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 100 shares during the last quarter. Finally, Access Financial Services Inc. acquired a new position in Helmerich & Payne in the 2nd quarter valued at about $223,000.
HP has been the subject of a number of research analyst reports. J P Morgan Chase & Co dropped their price objective on shares of Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, September 12th. BMO Capital Markets dropped their price objective on shares of Helmerich & Payne from $54.00 to $40.00 and set an “underperform” rating for the company in a research note on Friday, July 14th. Cowen and Company reaffirmed a “hold” rating and set a $50.00 price objective on shares of Helmerich & Payne in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price objective (down previously from $65.00) on shares of Helmerich & Payne in a research note on Friday, September 8th. Finally, SunTrust Banks, Inc. reaffirmed a “sell” rating and set a $37.00 price objective (down previously from $66.00) on shares of Helmerich & Payne in a research note on Tuesday, October 3rd. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.27.
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Helmerich & Payne, Inc. (NYSE:HP) traded up 2.03% during midday trading on Monday, hitting $53.68. The company had a trading volume of 807,362 shares. The company’s 50 day moving average is $51.12 and its 200-day moving average is $53.15. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $85.78. The company’s market cap is $5.83 billion.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The company had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter last year, the firm earned ($0.20) EPS. Helmerich & Payne’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities analysts predict that Helmerich & Payne, Inc. will post ($1.33) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Friday, November 10th. Helmerich & Payne’s payout ratio is presently -167.66%.
In other news, CEO John W. Lindsay acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.23% of the stock is currently owned by company insiders.
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.
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