Hartford Investment Management Co. lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 19.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,995 shares of the oil and gas company’s stock after selling 2,838 shares during the period. Hartford Investment Management Co.’s holdings in Helmerich & Payne were worth $666,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Millennium Management LLC increased its holdings in Helmerich & Payne by 3,372.6% in 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 purchasing an additional 2,256,030 shares in the last quarter. Norges Bank acquired a new position in Helmerich & Payne in the 4th quarter worth about $45,764,000. Rothschild & Co. Asset Management US Inc. acquired a new position in Helmerich & Payne in the 4th quarter worth about $34,483,000. Thornburg Investment Management Inc. acquired a new position in Helmerich & Payne in the 4th quarter worth about $23,586,000. Finally, Two Sigma Advisers LP increased its holdings in Helmerich & Payne by 151.1% in the 4th quarter. Two Sigma Advisers LP now owns 493,593 shares of the oil and gas company’s stock worth $23,663,000 after purchasing an additional 297,036 shares in the last quarter. 94.10% of the stock is owned by institutional investors.

NYSE HP opened at $57.49 on Tuesday. Helmerich & Payne, Inc. has a 12 month low of $44.56 and a 12 month high of $73.87. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 49.61 and a beta of 1.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 2.80.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.18. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The firm had revenue of $720.87 million for the quarter, compared to analyst estimates of $712.29 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities research analysts expect that Helmerich & Payne, Inc. will post 1.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, May 10th. This represents a $2.84 annualized dividend and a dividend yield of 4.94%. Helmerich & Payne’s payout ratio is 2,028.57%.

A number of brokerages have issued reports on HP. Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. TheStreet raised Helmerich & Payne from a “c” rating to a “b-” rating in a report on Wednesday, April 24th. Jefferies Financial Group cut Helmerich & Payne from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $56.00 in a report on Friday, March 15th. Piper Jaffray Companies reiterated a “hold” rating and issued a $62.00 price target on shares of Helmerich & Payne in a research report on Tuesday, February 5th. Finally, Macquarie set a $45.00 price target on Helmerich & Payne and gave the company a “sell” rating in a research report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.47.

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Helmerich & Payne 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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