Fairfax Financial Holdings Ltd. Can Buys 200,000 Shares of Helmerich & Payne, Inc. $HP

Fairfax Financial Holdings Ltd. Can increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 25.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 974,105 shares of the oil and gas company’s stock after buying an additional 200,000 shares during the period. Helmerich & Payne accounts for approximately 0.8% of Fairfax Financial Holdings Ltd. Can’s investment portfolio, making the stock its 16th biggest holding. Fairfax Financial Holdings Ltd. Can owned about 0.98% of Helmerich & Payne worth $14,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Helmerich & Payne by 29.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 925 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Helmerich & Payne in the 2nd quarter worth $64,000. SBI Securities Co. Ltd. grew its position in Helmerich & Payne by 27.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 1,063 shares during the period. Finally, Quarry LP bought a new stake in Helmerich & Payne during the 1st quarter valued at $81,000. 96.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HP has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of Helmerich & Payne from $20.00 to $27.00 and gave the company an “in-line” rating in a research note on Wednesday, November 19th. Citigroup upped their target price on shares of Helmerich & Payne from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Morgan Stanley raised their price target on shares of Helmerich & Payne from $20.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. TD Cowen boosted their price objective on Helmerich & Payne from $27.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group raised Helmerich & Payne from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $20.00 to $28.00 in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.70.

Helmerich & Payne Trading Down 0.4%

Shares of HP stock opened at $29.96 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.40 and a current ratio of 1.80. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -17.94 and a beta of 0.56. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $37.30. The company has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $20.57.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.Helmerich & Payne’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.00 annualized dividend and a yield of 3.3%. Helmerich & Payne’s payout ratio is currently -59.88%.

Helmerich & Payne Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.