Helmerich & Payne, Inc. (HP) Stake Lowered by Beddow Capital Management Inc.

Beddow Capital Management Inc. lessened its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,580 shares of the oil and gas company’s stock after selling 1,415 shares during the period. Helmerich & Payne makes up 3.6% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Beddow Capital Management Inc. owned 0.12% of Helmerich & Payne worth $6,548,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in Helmerich & Payne by 2.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,139 shares of the oil and gas company’s stock worth $342,000 after acquiring an additional 182 shares in the last quarter. TD Asset Management Inc. lifted its stake in Helmerich & Payne by 0.4% during the 4th quarter. TD Asset Management Inc. now owns 52,208 shares of the oil and gas company’s stock worth $2,503,000 after acquiring an additional 187 shares in the last quarter. Radnor Capital Management LLC lifted its stake in Helmerich & Payne by 0.9% during the 4th quarter. Radnor Capital Management LLC now owns 23,560 shares of the oil and gas company’s stock worth $1,129,000 after acquiring an additional 200 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in Helmerich & Payne by 1.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 15,614 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 243 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in Helmerich & Payne by 43.3% during the 4th quarter. First Mercantile Trust Co. now owns 960 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 290 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Michael Lennox sold 6,912 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The stock was sold at an average price of $60.08, for a total value of $415,272.96. Following the completion of the transaction, the vice president now directly owns 10,360 shares of the company’s stock, valued at approximately $622,428.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John R. Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $60.17, for a total value of $782,210.00. Following the completion of the transaction, the vice president now directly owns 63,375 shares of the company’s stock, valued at $3,813,273.75. The disclosure for this sale can be found here. Company insiders own 4.17% of the company’s stock.

HP has been the topic of several research reports. SunTrust Banks raised Helmerich & Payne from a “sell” rating to a “buy” rating and increased their target price for the stock from $58.00 to $75.00 in a research note on Monday, November 19th. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Monday, November 19th. Jefferies Financial Group reissued a “buy” rating and set a $76.00 target price on shares of Helmerich & Payne in a research note on Monday, November 19th. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, November 21st. Finally, ValuEngine upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.11.

Shares of NYSE HP opened at $56.50 on Thursday. Helmerich & Payne, Inc. has a 1-year low of $44.56 and a 1-year high of $74.36. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 403.57 and a beta of 1.57. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Tuesday, January 29th. The oil and gas company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.14. Helmerich & Payne had a return on equity of 1.18% and a net margin of 0.06%. The business had revenue of $740.60 million for the quarter, compared to the consensus estimate of $716.12 million. On average, research analysts expect that Helmerich & Payne, Inc. will post 1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 8th will be paid a dividend of $0.71 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.84 dividend on an annualized basis and a yield of 5.03%. Helmerich & Payne’s dividend payout ratio is presently 2,028.57%.

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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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