Brandywine Global Investment Management LLC Raises Holdings in Helmerich & Payne, Inc. (HP)

Brandywine Global Investment Management LLC grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 946,180 shares of the oil and gas company’s stock after buying an additional 48,063 shares during the quarter. Brandywine Global Investment Management LLC owned 0.86% of Helmerich & Payne worth $45,360,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Helmerich & Payne by 1.0% in the 4th quarter. BlackRock Inc. now owns 10,247,697 shares of the oil and gas company’s stock worth $491,275,000 after acquiring an additional 98,356 shares in the last quarter. Capital World Investors raised its position in shares of Helmerich & Payne by 5.6% in the 3rd quarter. Capital World Investors now owns 5,591,400 shares of the oil and gas company’s stock worth $384,521,000 after acquiring an additional 295,400 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Helmerich & Payne by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,504,996 shares of the oil and gas company’s stock worth $72,028,000 after acquiring an additional 117,117 shares in the last quarter. Northern Trust Corp raised its position in shares of Helmerich & Payne by 0.5% in the 4th quarter. Northern Trust Corp now owns 1,240,419 shares of the oil and gas company’s stock worth $59,467,000 after acquiring an additional 5,944 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Helmerich & Payne by 71.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,179,228 shares of the oil and gas company’s stock worth $81,095,000 after acquiring an additional 491,300 shares in the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.

Several research analysts have recently commented on HP shares. Wells Fargo & Co raised Helmerich & Payne from a “market perform” rating to an “outperform” rating and set a $72.00 price target for the company in a research report on Tuesday, December 11th. JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $66.00 to $63.00 in a research report on Tuesday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $76.00 price target on shares of Helmerich & Payne in a research report on Monday, November 19th. Bank of America raised Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $68.00 in a research report on Thursday, January 31st. Finally, Royal Bank of Canada set a $80.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research report on Thursday, December 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.58.

Shares of NYSE:HP opened at $54.55 on Friday. Helmerich & Payne, Inc. has a 1 year low of $44.56 and a 1 year high of $74.36. The stock has a market cap of $5.97 billion, a P/E ratio of 389.64 and a beta of 1.51. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a return on equity of 1.18% and a net margin of 0.06%. The company had revenue of $740.60 million for the quarter, compared to analyst estimates of $716.12 million. Research analysts expect that Helmerich & Payne, Inc. will post 1.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, May 10th. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

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Helmerich & Payne Company 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.

Read More: Mutual Funds

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

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