HighTower Advisors LLC lessened its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 7.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 64,141 shares of the oil and gas company’s stock after selling 4,876 shares during the period. HighTower Advisors LLC owned 0.06% of Helmerich & Payne worth $3,487,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Graham Capital Management L.P. bought a new stake in shares of Helmerich & Payne during the second quarter worth $543,000. Brandywine Global Investment Management LLC grew its holdings in shares of Helmerich & Payne by 2,253.8% during the second quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock worth $116,720,000 after purchasing an additional 2,056,689 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Helmerich & Payne by 2.0% during the second quarter. Voya Investment Management LLC now owns 58,419 shares of the oil and gas company’s stock worth $3,175,000 after purchasing an additional 1,170 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Helmerich & Payne by 35.3% during the second quarter. Ontario Teachers Pension Plan Board now owns 38,539 shares of the oil and gas company’s stock worth $2,094,000 after purchasing an additional 10,047 shares during the last quarter. Finally, Hancock Holding Co. grew its holdings in shares of Helmerich & Payne by 18.1% during the second quarter. Hancock Holding Co. now owns 18,861 shares of the oil and gas company’s stock worth $1,025,000 after purchasing an additional 2,897 shares during the last quarter.

Several equities analysts recently issued reports on HP shares. Royal Bank Of Canada set a $80.00 price target on Helmerich & Payne and gave the company a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Vetr upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Monday, July 10th. Seaport Global Securities reiterated a “sell” rating on shares of Helmerich & Payne in a report on Thursday, July 20th. Finally, Cowen and Company reiterated a “hold” rating and issued a $50.00 price target on shares of Helmerich & Payne in a report on Friday, August 11th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.90.

In related news, CEO John W. Lindsay purchased 5,000 shares of Helmerich & Payne stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the transaction, the chief executive officer now owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.

Helmerich & Payne, Inc. (NYSE:HP) opened at 51.14 on Thursday. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $85.78. The company’s market cap is $5.55 billion. The firm’s 50-day moving average price is $47.40 and its 200-day moving average price is $54.84.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.05. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm had revenue of $498.60 million for the quarter, compared to analyst estimates of $452.42 million. During the same quarter in the previous year, the company posted ($0.20) EPS. The business’s revenue was up 36.0% on a year-over-year basis. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post ($1.30) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.48%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -167.66%.

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Helmerich & Payne Profile

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.

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

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