Northwestern Mutual Wealth Management Co. lessened its stake in Helmerich & Payne, Inc. (NYSE:HP) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,906 shares of the oil and gas company’s stock after selling 1,415 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Helmerich & Payne were worth $695,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its stake in Helmerich & Payne by 8,098.5% in the 1st quarter. Summit Trail Advisors LLC now owns 109,368 shares of the oil and gas company’s stock worth $109,000 after buying an additional 108,034 shares during the period. AdvisorNet Financial Inc purchased a new position in Helmerich & Payne in the 1st quarter worth about $157,000. Viking Fund Management LLC purchased a new position in Helmerich & Payne in the 2nd quarter worth about $159,000. Rampart Investment Management Company LLC increased its stake in Helmerich & Payne by 84.3% in the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,122 shares during the period. Finally, Lee Financial Co purchased a new position in Helmerich & Payne in the 1st quarter worth about $186,000. 91.72% of the stock is currently owned by institutional investors.

HP has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Cowen set a $57.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Stephens upgraded shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 target price on the stock in a report on Monday, July 30th. Finally, Piper Jaffray Companies set a $67.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a report on Sunday, July 29th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $65.87.

Shares of Helmerich & Payne stock opened at $62.90 on Friday. Helmerich & Payne, Inc. has a 1 year low of $45.30 and a 1 year high of $75.02. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of -49.53 and a beta of 1.39. The company has a current ratio of 2.97, a quick ratio of 2.57 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The firm had revenue of $648.87 million during the quarter, compared to the consensus estimate of $617.06 million. During the same quarter in the prior year, the business posted ($0.25) earnings per share. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. equities research analysts forecast that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

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

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