Virtu Financial LLC Buys Shares of 21,916 Helmerich & Payne, Inc. (HP)

Virtu Financial LLC bought a new position in Helmerich & Payne, Inc. (NYSE:HP) during the third quarter, HoldingsChannel reports. The firm bought 21,916 shares of the oil and gas company’s stock, valued at approximately $1,507,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ffcm LLC grew its position in Helmerich & Payne by 4.0% in the 3rd quarter. Ffcm LLC now owns 20,198 shares of the oil and gas company’s stock worth $1,375,000 after purchasing an additional 780 shares in the last quarter. Toronto Dominion Bank grew its position in Helmerich & Payne by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 70,803 shares of the oil and gas company’s stock worth $4,868,000 after purchasing an additional 809 shares in the last quarter. Redwood Investment Management LLC grew its position in Helmerich & Payne by 25.3% in the 3rd quarter. Redwood Investment Management LLC now owns 4,323 shares of the oil and gas company’s stock worth $297,000 after purchasing an additional 872 shares in the last quarter. Broadview Advisors LLC grew its position in Helmerich & Payne by 1.7% in the 3rd quarter. Broadview Advisors LLC now owns 57,400 shares of the oil and gas company’s stock worth $3,947,000 after purchasing an additional 950 shares in the last quarter. Finally, Front Barnett Associates LLC grew its position in Helmerich & Payne by 0.8% in the 2nd quarter. Front Barnett Associates LLC now owns 123,087 shares of the oil and gas company’s stock worth $7,848,000 after purchasing an additional 990 shares in the last quarter. Institutional investors own 90.07% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies set a $69.00 price objective on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Wednesday, November 21st. ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Cowen set a $66.00 target price on shares of Helmerich & Payne and gave the company a “hold” rating in a research report on Sunday, November 18th. Finally, Credit Suisse Group raised shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating and increased their target price for the company from $63.00 to $65.00 in a research report on Monday, November 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. Helmerich & Payne has an average rating of “Hold” and a consensus price target of $73.35.

Helmerich & Payne stock opened at $60.60 on Friday. Helmerich & Payne, Inc. has a twelve month low of $54.00 and a twelve month high of $75.02. The company has a market cap of $6.67 billion, a PE ratio of 432.86 and a beta of 1.30. The company has a quick ratio of 2.54, a current ratio of 2.96 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The company had revenue of $696.83 million for the quarter, compared to analysts’ expectations of $683.89 million. Helmerich & Payne had a net margin of 19.41% and a return on equity of 0.41%. On average, equities analysts expect that Helmerich & Payne, Inc. will post 1.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s payout ratio is currently 2,028.57%.

In related news, Director Chapman Paula Marshall sold 11,309 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the sale, the director now directly owns 14,874 shares in the company, valued at approximately $968,743.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John R. Bell sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $60.17, for a total transaction of $782,210.00. Following the sale, the vice president now owns 63,375 shares in the company, valued at $3,813,273.75. The disclosure for this sale can be found here. Insiders have sold a total of 54,309 shares of company stock worth $3,618,765 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

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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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