Cambridge Investment Research Advisors Inc. Has $340,000 Stake in Helmerich & Payne, Inc. (HP)

Cambridge Investment Research Advisors Inc. grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,267 shares of the oil and gas company’s stock after purchasing an additional 1,016 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Helmerich & Payne were worth $340,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HP. Ameriprise Financial Inc. lifted its stake in Helmerich & Payne by 183.7% in the third quarter. Ameriprise Financial Inc. now owns 256,680 shares of the oil and gas company’s stock worth $13,376,000 after acquiring an additional 166,211 shares during the period. JPMorgan Chase & Co. lifted its stake in Helmerich & Payne by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 254,333 shares of the oil and gas company’s stock worth $13,330,000 after acquiring an additional 35,056 shares during the period. Dimensional Fund Advisors LP lifted its stake in Helmerich & Payne by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,382,144 shares of the oil and gas company’s stock worth $124,136,000 after acquiring an additional 119,306 shares during the period. AMP Capital Investors Ltd lifted its stake in Helmerich & Payne by 4.7% in the third quarter. AMP Capital Investors Ltd now owns 30,995 shares of the oil and gas company’s stock worth $1,615,000 after acquiring an additional 1,400 shares during the period. Finally, Chevy Chase Trust Holdings Inc. lifted its stake in Helmerich & Payne by 1.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 96,520 shares of the oil and gas company’s stock worth $5,030,000 after acquiring an additional 1,166 shares during the period.

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In other news, CFO Juan Pablo Tardio sold 10,880 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $65.90, for a total transaction of $716,992.00. Following the completion of the transaction, the chief financial officer now directly owns 16,628 shares in the company, valued at $1,095,785.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chapman Paula Marshall sold 4,122 shares of Helmerich & Payne stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $71.40, for a total value of $294,310.80. Following the completion of the sale, the director now owns 16,647 shares of the company’s stock, valued at $1,188,595.80. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.

A number of analysts recently commented on the company. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Monday, March 12th. Sanford C. Bernstein lowered Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Societe Generale raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. Jefferies Group set a $65.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Royal Bank of Canada set a $68.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research note on Thursday, December 21st. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.20.

Shares of NYSE:HP opened at $73.05 on Monday. Helmerich & Payne, Inc. has a 1-year low of $42.16 and a 1-year high of $75.02. The company has a quick ratio of 2.89, a current ratio of 3.28 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7,893.93, a PE ratio of -57.52 and a beta of 1.33.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $547.64 million. During the same period last year, the company earned ($0.33) earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. sell-side analysts predict that Helmerich & Payne, Inc. will post 0.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. Helmerich & Payne’s payout ratio is presently -220.47%.

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About Helmerich & Payne

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.

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

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