Axa S.A. Buys 11,805 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Axa S.A. grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 123.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,359 shares of the oil and gas company’s stock after acquiring an additional 11,805 shares during the period. Axa S.A.’s holdings in Helmerich & Payne were worth $772,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. UBS Group AG lifted its stake in Helmerich & Payne by 84.9% in the fourth quarter. UBS Group AG now owns 207,557 shares of the oil and gas company’s stock worth $7,518,000 after acquiring an additional 95,330 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Helmerich & Payne by 27.3% in the 4th quarter. Corient Private Wealth LLC now owns 19,015 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 4,075 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Helmerich & Payne by 39.3% during the 4th quarter. Hsbc Holdings PLC now owns 89,944 shares of the oil and gas company’s stock worth $3,235,000 after purchasing an additional 25,360 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Helmerich & Payne by 937.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 841,724 shares of the oil and gas company’s stock worth $30,487,000 after purchasing an additional 760,554 shares during the last quarter. Finally, Exencial Wealth Advisors LLC raised its holdings in Helmerich & Payne by 117.8% in the fourth quarter. Exencial Wealth Advisors LLC now owns 14,668 shares of the oil and gas company’s stock worth $531,000 after purchasing an additional 7,934 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of NYSE HP opened at $31.58 on Wednesday. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The company’s fifty day moving average price is $33.49 and its 200 day moving average price is $36.76. The company has a market capitalization of $3.12 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The company had revenue of $697.70 million during the quarter, compared to analysts’ expectations of $670.78 million. During the same quarter in the prior year, the firm posted $1.09 EPS. Helmerich & Payne’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts predict that Helmerich & Payne, Inc. will post 3.48 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HP. The Goldman Sachs Group cut their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Finally, Piper Sandler cut their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.88.

Helmerich & Payne Profile

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