Mariner Wealth Advisors LLC lessened its position in Helmerich & Payne, Inc. (NYSE:HP) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,783 shares of the oil and gas company’s stock after selling 1,306 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Helmerich & Payne were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $172,000. Ffcm LLC lifted its stake in shares of Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $209,000. AlphaMark Advisors LLC lifted its stake in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 101 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $236,000.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/24/helmerich-payne-inc-hp-shares-sold-by-mariner-wealth-advisors-llc.html.

In other news, CEO John W. Lindsay bought 5,000 shares of Helmerich & Payne stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the purchase, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

Shares of Helmerich & Payne, Inc. (NYSE HP) opened at 51.01 on Friday. The company has a 50 day moving average price of $46.08 and a 200 day moving average price of $56.06. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $85.78. The company’s market cap is $5.54 billion.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. Equities analysts predict that Helmerich & Payne, Inc. will post ($1.30) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a yield of 5.49%. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.

A number of research analysts have issued reports on HP shares. BMO Capital Markets reiterated a “sell” rating and set a $54.00 price objective on shares of Helmerich & Payne in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and set a $60.00 price objective (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $65.00 price objective on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Morgan Stanley cut Helmerich & Payne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $85.00 to $56.00 in a research note on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.32.

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.

Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP).

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

Receive News & Ratings for Helmerich & Payne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne Inc. and related companies with MarketBeat.com's FREE daily email newsletter.