Royal London Asset Management Ltd. Buys 44,362 Shares of Helmerich & Payne, Inc. (HP)

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Royal London Asset Management Ltd. lifted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 26.1% in the first quarter, HoldingsChannel.com reports. The firm owned 214,300 shares of the oil and gas company’s stock after acquiring an additional 44,362 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Helmerich & Payne were worth $11,909,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. 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 last quarter. Millennium Management LLC lifted its holdings in Helmerich & Payne by 3,372.6% during the 4th quarter. Millennium Management LLC now owns 2,322,923 shares of the oil and gas company’s stock worth $111,361,000 after buying an additional 2,256,030 shares during the last quarter. 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 last quarter. 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 last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Helmerich & Payne by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 979,648 shares of the oil and gas company’s stock worth $46,964,000 after buying an additional 127,256 shares during the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.

A number of analysts have issued reports on HP shares. Zacks Investment Research downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Seaport Global Securities reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Wednesday, January 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Helmerich & Payne in a report on Sunday, January 6th. Goldman Sachs Group started coverage on Helmerich & Payne in a report on Sunday, March 10th. They set a “neutral” rating and a $65.00 price target for the company. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $62.00 price target on shares of Helmerich & Payne in a report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Helmerich & Payne has an average rating of “Hold” and a consensus target price of $66.47.

Helmerich & Payne stock opened at $57.58 on Friday. Helmerich & Payne, Inc. has a fifty-two week low of $44.56 and a fifty-two week high of $73.87. The company has a quick ratio of 2.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.15 billion, a PE ratio of 411.29 and a beta of 1.52.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.18. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The business had revenue of $720.87 million during the quarter, compared to the consensus estimate of $712.29 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities research analysts expect that Helmerich & Payne, Inc. will post 1.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, May 10th. Helmerich & Payne’s payout ratio is currently 2,028.57%.

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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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