NumerixS Investment Technologies Inc lifted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 434.8% in the first quarter, HoldingsChannel.com reports. The fund owned 3,770 shares of the oil and gas company’s stock after buying an additional 3,065 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Helmerich & Payne were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of Helmerich & Payne by 2.7% in the first quarter. Swiss National Bank now owns 363,352 shares of the oil and gas company’s stock worth $20,188,000 after buying an additional 9,500 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Helmerich & Payne by 4.2% in the first quarter. Norinchukin Bank The now owns 20,765 shares of the oil and gas company’s stock worth $1,154,000 after buying an additional 833 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Helmerich & Payne by 1.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,625 shares of the oil and gas company’s stock worth $924,000 after buying an additional 197 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Helmerich & Payne by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,441,535 shares of the oil and gas company’s stock worth $135,667,000 after buying an additional 116,820 shares in the last quarter. Finally, Tredje AP fonden lifted its position in shares of Helmerich & Payne by 64.9% in the first quarter. Tredje AP fonden now owns 14,258 shares of the oil and gas company’s stock worth $792,000 after buying an additional 5,613 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on HP shares. Goldman Sachs Group started coverage on Helmerich & Payne in a research report on Sunday, March 10th. They issued a “neutral” rating and a $65.00 target price on the stock. Jefferies Financial Group downgraded Helmerich & Payne from a “buy” rating to a “hold” rating and decreased their price objective for the company from $64.00 to $56.00 in a research report on Friday, March 15th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Tuesday, March 19th. Susquehanna Bancshares set a $70.00 price objective on Helmerich & Payne and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Piper Jaffray Companies set a $61.00 price objective on Helmerich & Payne and gave the company a “hold” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $66.74.

Shares of NYSE HP traded down $0.59 during midday trading on Wednesday, hitting $50.75. The company’s stock had a trading volume of 15,667 shares, compared to its average volume of 1,292,220. 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, Inc. has a 12-month low of $44.56 and a 12-month high of $73.74. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 362.50 and a beta of 1.56.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.18. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The company had revenue of $720.87 million for the quarter, compared to analysts’ expectations of $712.29 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Helmerich & Payne’s revenue was up 24.8% compared to the same quarter last year. Sell-side analysts predict that Helmerich & Payne, Inc. will post 1.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a $0.71 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.84 annualized dividend and a yield of 5.60%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 2,028.57%.

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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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