LMR Partners LLP boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 198.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,332 shares of the oil and gas company’s stock after buying an additional 6,202 shares during the quarter. LMR Partners LLP’s holdings in Helmerich & Payne were worth $447,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Helmerich & Payne by 1.0% during the 4th quarter. BlackRock Inc. now owns 10,247,697 shares of the oil and gas company’s stock worth $491,275,000 after buying an additional 98,356 shares during the period. Capital World Investors lifted its holdings in Helmerich & Payne by 5.6% during 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 buying an additional 295,400 shares during the period. Geode Capital Management LLC lifted its holdings in Helmerich & Payne by 8.4% during 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 buying an additional 117,117 shares during the period. Northern Trust Corp lifted its holdings in Helmerich & Payne by 0.5% during 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 buying an additional 5,944 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Helmerich & Payne by 71.4% during 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 buying an additional 491,300 shares during the period. 92.93% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Friday, January 4th. Credit Suisse Group raised Helmerich & Payne from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $63.00 to $65.00 in a report on Monday, November 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $64.00 target price on shares of Helmerich & Payne in a report on Tuesday, February 5th. Seaport Global Securities raised Helmerich & Payne from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $61.00 to $64.00 in a research note on Friday, December 7th. Finally, ValuEngine raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.58.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $716.12 million. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 1.63 EPS for the current fiscal year.
The company 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date is Friday, May 10th. Helmerich & Payne’s payout ratio is 2,028.57%.
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.
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