Tufton Capital Management decreased its stake in Helmerich & Payne Inc. (NYSE:HP) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 56,899 shares of the company’s stock after selling 1,189 shares during the period. Tufton Capital Management owned about 0.05% of Helmerich & Payne worth $3,820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HP. Prudential Financial Inc. boosted its position in Helmerich & Payne by 22.6% in the first quarter. Prudential Financial Inc. now owns 162,817 shares of the company’s stock valued at $9,561,000 after buying an additional 30,060 shares during the last quarter. Teachers Advisors Inc. boosted its position in Helmerich & Payne by 62.2% in the first quarter. Teachers Advisors Inc. now owns 154,824 shares of the company’s stock valued at $9,091,000 after buying an additional 59,352 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Helmerich & Payne by 16.4% in the first quarter. TIAA CREF Investment Management LLC now owns 483,398 shares of the company’s stock valued at $28,385,000 after buying an additional 68,000 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Helmerich & Payne during the first quarter valued at $1,093,000. Finally, Virginia Retirement System purchased a new position in Helmerich & Payne during the first quarter valued at $4,941,000.

Helmerich & Payne Inc. (NYSE:HP) traded up 4.53% during mid-day trading on Wednesday, reaching $59.02. 1,629,901 shares of the company were exchanged. The stock’s market capitalization is $6.38 billion. Helmerich & Payne Inc. has a 12-month low of $40.02 and a 12-month high of $70.28. The company’s 50 day moving average price is $61.45 and its 200-day moving average price is $62.11.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, July 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.06. The business earned $366.50 million during the quarter, compared to the consensus estimate of $298.71 million. Helmerich & Payne had a negative net margin of 0.28% and a negative return on equity of 1.38%. The firm’s revenue for the quarter was down 44.6% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. On average, equities research analysts forecast that Helmerich & Payne Inc. will post ($1.16) earnings per share for the current fiscal year.

Several research firms have weighed in on HP. Citigroup Inc. lifted their price objective on shares of Helmerich & Payne from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Jefferies Group reissued a “sell” rating and set a $43.00 target price (up previously from $42.00) on shares of Helmerich & Payne in a research note on Monday, July 11th. KeyCorp raised shares of Helmerich & Payne from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. raised shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday, June 21st. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $60.79.

Helmerich & Payne Company 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.

5 Day Chart for NYSE:HP

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