Swiss National Bank Cuts Stake in Helmerich & Payne, Inc. (NYSE:HP)

Swiss National Bank lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 237,700 shares of the oil and gas company’s stock after selling 8,100 shares during the period. Swiss National Bank’s holdings in Helmerich & Payne were worth $7,756,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in shares of Helmerich & Payne by 13.0% during the second quarter. Fifth Third Bancorp now owns 12,911 shares of the oil and gas company’s stock worth $421,000 after purchasing an additional 1,482 shares in the last quarter. American Century Companies Inc. grew its holdings in Helmerich & Payne by 33.9% during the 2nd quarter. American Century Companies Inc. now owns 202,366 shares of the oil and gas company’s stock valued at $6,603,000 after buying an additional 51,219 shares in the last quarter. Beddow Capital Management Inc. purchased a new position in Helmerich & Payne during the 2nd quarter valued at approximately $1,544,000. Rhumbline Advisers grew its holdings in Helmerich & Payne by 8.0% during the 2nd quarter. Rhumbline Advisers now owns 402,949 shares of the oil and gas company’s stock valued at $13,148,000 after buying an additional 29,905 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Helmerich & Payne by 17.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,183 shares of the oil and gas company’s stock valued at $463,000 after buying an additional 2,107 shares in the last quarter. Hedge funds and other institutional investors own 90.44% of the company’s stock.

Shares of NYSE:HP opened at $26.58 on Wednesday. Helmerich & Payne, Inc. has a 12-month low of $12.87 and a 12-month high of $36.26. The business’s fifty day simple moving average is $27.87 and its 200-day simple moving average is $29.05. The company has a current ratio of 3.71, a quick ratio of 3.37 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.87 billion, a PE ratio of -9.29 and a beta of 2.27.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, July 28th. The oil and gas company reported ($0.57) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.57). Helmerich & Payne had a negative return on equity of 9.21% and a negative net margin of 28.25%. The firm had revenue of $332.21 million for the quarter, compared to the consensus estimate of $322.76 million. During the same period in the previous year, the business earned ($0.34) EPS. Research analysts predict that Helmerich & Payne, Inc. will post -2.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Tuesday, November 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 22nd. This represents a $1.00 annualized dividend and a yield of 3.76%. Helmerich & Payne’s dividend payout ratio (DPR) is -116.28%.

Several equities analysts have weighed in on the company. Evercore ISI upgraded Helmerich & Payne to a “buy” rating and set a $42.00 price target for the company in a report on Friday, July 30th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Helmerich & Payne in a research note on Thursday, July 15th. raised Helmerich & Payne from a “sell” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $33.00 in a research note on Thursday, July 8th. Seaport Global Securities began coverage on Helmerich & Payne in a research note on Thursday, July 15th. They issued a “neutral” rating and a $30.16 price objective for the company. Finally, Bank of America raised Helmerich & Payne from an “underperform” rating to a “neutral” rating in a research note on Friday, July 16th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.48.

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.

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

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