Alliancebernstein L.P. lifted its position in Helmerich & Payne, Inc. (NYSE:HP) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 831,067 shares of the oil and gas company’s stock after purchasing an additional 1,728 shares during the period. Alliancebernstein L.P. owned about 0.76% of Helmerich & Payne worth $53,720,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of HP. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Helmerich & Payne by 37.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 50,308 shares of the oil and gas company’s stock worth $2,622,000 after purchasing an additional 13,734 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Helmerich & Payne in the third quarter valued at $286,000. Canada Pension Plan Investment Board boosted its holdings in Helmerich & Payne by 690,000.0% in the third quarter. Canada Pension Plan Investment Board now owns 69,010 shares of the oil and gas company’s stock valued at $3,596,000 after acquiring an additional 69,000 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in Helmerich & Payne by 6.2% in the third quarter. State of Wisconsin Investment Board now owns 100,070 shares of the oil and gas company’s stock valued at $5,215,000 after acquiring an additional 5,839 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Helmerich & Payne by 0.5% in the third quarter. Swiss National Bank now owns 396,952 shares of the oil and gas company’s stock valued at $20,685,000 after acquiring an additional 1,900 shares in the last quarter.
Shares of Helmerich & Payne, Inc. (HP) opened at $64.63 on Wednesday. Helmerich & Payne, Inc. has a fifty-two week low of $42.16 and a fifty-two week high of $75.02. The company has a market cap of $7,040.00, a price-to-earnings ratio of 7.81 and a beta of 1.31. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.11.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, May 17th. Helmerich & Payne’s dividend payout ratio is presently 33.86%.
Several analysts recently weighed in on HP shares. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Jefferies Group reiterated a “hold” rating and issued a $69.00 price target on shares of Helmerich & Payne in a report on Thursday, January 25th. Susquehanna Bancshares upgraded shares of Helmerich & Payne from a “neutral” rating to a “positive” rating and lifted their price target for the company from $42.16 to $75.00 in a report on Friday, March 9th. UBS Group upgraded shares of Helmerich & Payne from a “neutral” rating to a “positive” rating in a report on Friday, March 9th. Finally, Stephens started coverage on shares of Helmerich & Payne in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 price target on the stock. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus target price of $58.00.
In other news, Director Chapman Paula Marshall sold 4,122 shares of Helmerich & Payne stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $71.40, for a total value of $294,310.80. Following the completion of the transaction, the director now owns 16,647 shares of the company’s stock, valued at approximately $1,188,595.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.10% of the stock is owned by insiders.
About Helmerich & Payne
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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