Helmerich & Payne, Inc. (HP) Holdings Boosted by BLB&B Advisors LLC

BLB&B Advisors LLC raised its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 47.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,134 shares of the oil and gas company’s stock after acquiring an additional 8,769 shares during the period. BLB&B Advisors LLC’s holdings in Helmerich & Payne were worth $1,866,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HP. Summit Trail Advisors LLC increased its position in shares of Helmerich & Payne by 8,098.5% during the 1st quarter. Summit Trail Advisors LLC now owns 109,368 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 108,034 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Helmerich & Payne during the 2nd quarter valued at $134,000. Viking Fund Management LLC purchased a new stake in shares of Helmerich & Payne during the 2nd quarter valued at $159,000. Rampart Investment Management Company LLC increased its position in shares of Helmerich & Payne by 84.3% during the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock valued at $163,000 after purchasing an additional 1,122 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Helmerich & Payne during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 92.10% of the company’s stock.

Shares of HP opened at $69.41 on Friday. Helmerich & Payne, Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $75.02. The stock has a market capitalization of $7.49 billion, a P/E ratio of -54.65 and a beta of 1.36. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. The firm had revenue of $648.87 million during the quarter, compared to analysts’ expectations of $617.06 million. During the same period last year, the business posted ($0.25) EPS. The company’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts expect that Helmerich & Payne, Inc. will post 0.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -223.62%.

HP has been the subject of several research analyst reports. Royal Bank of Canada raised Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, September 20th. JPMorgan Chase & Co. raised Helmerich & Payne from an “underweight” rating to a “neutral” rating and raised their target price for the company from $49.00 to $58.00 in a research report on Friday, September 14th. B. Riley raised Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their target price for the company from $68.00 to $83.00 in a research report on Monday, September 24th. Stephens raised Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 target price for the company in a research report on Monday, July 30th. Finally, ValuEngine raised Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Helmerich & Payne presently has an average rating of “Hold” and an average price target of $72.29.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $65.13, for a total transaction of $736,555.17. Following the completion of the transaction, the director now owns 14,874 shares of the company’s stock, valued at approximately $968,743.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

About Helmerich & Payne

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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