Capital Investment Advisors LLC buys shares of 6,510 Helmerich & Payne, Inc. (NYSE: HP)


Capital Investment Advisors LLC acquired a new stake in Helmerich & Payne, Inc. (New York Stock Exchange: HPGet an assessment) during Q1, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,510 shares of the oil and gas company, valued at approximately $278,000.

A number of other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Helmerich & Payne by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,157,669 shares of the oil and gas company valued at $98,538,000 after buying 13,350 additional shares in the last quarter. Van ECK Associates Corp increased its stake in Helmerich & Payne shares by 0.8% during the fourth quarter. Van ECK Associates Corp now owns 4,107,493 shares of the oil and gas company valued at $97,348,000 after acquiring 31,795 additional shares in the last quarter. State Street Corp increased its stake in Helmerich & Payne shares by 2.9% during the fourth quarter. State Street Corp now owns 4,014,264 shares of the oil and gas company valued at $95,138,000 after acquiring an additional 114,270 shares in the last quarter. Geode Capital Management LLC increased its stake in Helmerich & Payne shares by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,855,801 shares of the oil and gas company valued at $43,982,000 after acquiring 18,080 additional shares in the last quarter. Finally, Northern Trust Corp increased its stake in Helmerich & Payne shares by 16.7% during the fourth quarter. Northern Trust Corp now owns 1,482,421 shares of the oil and gas company valued at $35,134,000 after acquiring an additional 211,774 shares in the last quarter. 88.62% of the shares are currently held by institutional investors.

Shares of New York Stock Exchange: HP opened at $43.94 on Monday. The company has a market capitalization of $4.63 billion, a P/E ratio of -24.55 and a beta of 1.74. The company has a debt ratio of 0.20, a quick ratio of 2.21 and a current ratio of 2.43. Helmerich & Payne, Inc. has a one-year low of $20.93 and a one-year high of $54.59. The company’s 50-day simple moving average is $46.82 and its 200-day simple moving average is $38.54.

Helmerich and Payne (New York Stock Exchange: HPGet an assessment) last announced its results on Wednesday, April 27. The oil and gas company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.15. Helmerich & Payne posted a negative return on equity of 6.73% and a negative net margin of 12.30%. The company posted revenue of $467.60 million for the quarter, versus a consensus estimate of $449.63 million. During the same period last year, the company posted EPS of ($0.60). The company’s revenue increased 57.9% year over year. Analysts predict Helmerich & Payne, Inc. will post -0.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Wednesday August 17 will receive a dividend of $0.25 per share. The ex-dividend date is Tuesday, August 16. This represents an annualized dividend of $1.00 and a yield of 2.28%. Helmerich & Payne’s payout ratio is currently -55.87%.

HP has been the subject of several analyst reports. Goldman Sachs Group raised its price target on Helmerich & Payne from $36.50 to $41.00 and gave the company a “sell” rating in a Thursday, April 14 research note. StockNews.com launched a coverage on Helmerich & Payne in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Susquehanna raised its price target on Helmerich & Payne from $55.00 to $62.00 in a Wednesday, June 8 research note. Barclays raised its price target on Helmerich & Payne from $33.00 to $52.00 in a Monday May 2 research note. Finally, Morgan Stanley raised its price target on Helmerich & Payne from $29.00 to $40.00 and gave the stock an “underweight” rating in a Monday, April 11 research note. Two research analysts gave the stock a sell rating, seven gave the company a hold rating and six gave the company a buy rating. Based on MarketBeat data, Helmerich & Payne currently has a consensus rating of “Hold” and an average target price of $43.63.

Helmerich & Payne Company Profile (Get an assessment)

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to providing industry-leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, security and innovation to deliver superior results for its customers and returns for shareholders.

See also

Want to see what other hedge funds hold in HP? Visit HoldingsChannel.com for the latest 13F documents and insider trading for Helmerich & Payne, Inc. (New York Stock Exchange: HPGet an assessment).

Institutional ownership by quarter for Helmerich & Payne (NYSE: HP)



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