Hodges Capital Management Inc. Has $1.22 Million Position in Helmerich & Payne, Inc. (NYSE:HP)
Hodges Capital Management Inc. raised its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 22,457 shares of the oil and gas company’s stock after buying an additional 313 shares during the period. Hodges Capital Management Inc.’s holdings in Helmerich & Payne were worth $1,220,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HP. Ameritas Investment Partners Inc. acquired a new position in Helmerich & Payne during the first quarter worth $172,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Helmerich & Payne by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,885 shares of the oil and gas company’s stock worth $180,000 after buying an additional 116 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Helmerich & Payne during the first quarter worth approximately $209,000. Tompkins Financial Corp boosted its stake in shares of Helmerich & Payne by 244.4% in the first quarter. Tompkins Financial Corp now owns 3,375 shares of the oil and gas company’s stock worth $198,000 after buying an additional 2,395 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Helmerich & Payne during the first quarter worth approximately $236,000.
Helmerich & Payne, Inc. (HP) opened at 46.40 on Wednesday. The company’s market capitalization is $5.04 billion. Helmerich & Payne, Inc. has a 52-week low of $46.38 and a 52-week high of $85.78. The company’s 50-day moving average is $53.51 and its 200-day moving average is $62.01.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The business had revenue of $498.60 million for the quarter, compared to the consensus estimate of $452.42 million. Helmerich & Payne had a negative net margin of 11.19% and a negative return on equity of 3.37%. The company’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.20) earnings per share. On average, analysts expect that Helmerich & Payne, Inc. will post ($1.32) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 6.03%. The ex-dividend date is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.
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HP has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “sell” rating and issued a $54.00 price target on shares of Helmerich & Payne in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $60.00 price target (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Iberia Capital upgraded shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 price target for the company in a research note on Thursday, May 4th. Goldman Sachs Group, Inc. (The) cut shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and cut their price target for the company from $63.00 to $45.00 in a research note on Monday, May 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $65.00 price target on shares of Helmerich & Payne in a research note on Thursday, July 20th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $57.10.
About Helmerich & Payne
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.
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