Commonwealth Bank of Australia Has $964,000 Stake in Helmerich & Payne, Inc. (HP)

Commonwealth Bank of Australia increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 62.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,556 shares of the oil and gas company’s stock after buying an additional 7,100 shares during the quarter. Commonwealth Bank of Australia’s holdings in Helmerich & Payne were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Brandywine Global Investment Management LLC grew its stake in Helmerich & Payne by 2,253.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock valued at $116,720,000 after purchasing an additional 2,056,689 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in Helmerich & Payne by 68.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock valued at $212,148,000 after purchasing an additional 1,590,793 shares during the last quarter. Capital International Investors grew its stake in Helmerich & Payne by 33.5% during the 2nd quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock valued at $317,874,000 after purchasing an additional 1,466,700 shares during the last quarter. Kiltearn Partners LLP grew its stake in Helmerich & Payne by 165.0% during the 2nd quarter. Kiltearn Partners LLP now owns 2,289,302 shares of the oil and gas company’s stock valued at $124,401,000 after purchasing an additional 1,425,513 shares during the last quarter. Finally, Prudential PLC grew its stake in Helmerich & Payne by 64.8% during the 2nd quarter. Prudential PLC now owns 2,487,853 shares of the oil and gas company’s stock valued at $135,190,000 after purchasing an additional 977,825 shares during the last quarter.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now owns 12,525 shares of the company’s stock, valued at $723,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.90% of the stock is owned by corporate insiders.

Several research firms have weighed in on HP. Royal Bank of Canada set a $68.00 price target on Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, December 21st. Tudor Pickering upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. SunTrust Banks boosted their price target on Helmerich & Payne to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Zacks Investment Research downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $48.00 price target on shares of Helmerich & Payne in a research note on Friday, November 24th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $55.38.

Helmerich & Payne, Inc. (NYSE HP) traded down $0.18 during midday trading on Friday, reaching $64.64. The company had a trading volume of 951,805 shares, compared to its average volume of 1,444,507. The firm has a market cap of $7,039.81, a PE ratio of -53.87 and a beta of 1.30. Helmerich & Payne, Inc. has a 12 month low of $42.16 and a 12 month high of $81.30. The company has a quick ratio of 3.19, a current ratio of 3.59 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, November 16th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $493.78 million. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. Helmerich & Payne’s quarterly revenue was up 60.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.33) EPS. equities analysts anticipate that Helmerich & Payne, Inc. will post -0.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.33%. Helmerich & Payne’s payout ratio is currently -233.33%.

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Helmerich & Payne Profile

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.

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

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