Pacer Advisors Inc. Increases Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Pacer Advisors Inc. increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,826,851 shares of the oil and gas company’s stock after purchasing an additional 327,802 shares during the period. Pacer Advisors Inc. owned 3.88% of Helmerich & Payne worth $138,302,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of Helmerich & Payne by 937.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 841,724 shares of the oil and gas company’s stock valued at $30,487,000 after buying an additional 760,554 shares during the last quarter. American Century Companies Inc. lifted its position in Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after acquiring an additional 513,647 shares during the last quarter. ARGA Investment Management LP lifted its position in Helmerich & Payne by 55.4% during the first quarter. ARGA Investment Management LP now owns 1,378,705 shares of the oil and gas company’s stock valued at $57,988,000 after acquiring an additional 491,589 shares during the last quarter. LSV Asset Management boosted its stake in Helmerich & Payne by 51.7% in the second quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after acquiring an additional 405,179 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Helmerich & Payne by 120.6% in the second quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock worth $13,267,000 after purchasing an additional 200,700 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Up 1.2 %

NYSE:HP opened at $32.62 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The company’s fifty day moving average price is $34.62 and its 200-day moving average price is $37.19. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $45.04. The firm has a market capitalization of $3.22 billion, a P/E ratio of 9.32, a PEG ratio of 3.29 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15. The company had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. As a group, equities research analysts anticipate that Helmerich & Payne, Inc. will post 3.57 EPS for the current year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HP. The Goldman Sachs Group decreased their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Citigroup cut their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Bank of America lowered their target price on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Finally, Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $40.88.

Helmerich & Payne Company 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.