Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 116.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 242,515 shares of the oil and gas company's stock after purchasing an additional 130,455 shares during the period. BNP Paribas Financial Markets owned approximately 0.25% of Helmerich & Payne worth $7,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HP. Covestor Ltd raised its holdings in shares of Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 643 shares during the period. Blue Trust Inc. boosted its stake in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after purchasing an additional 854 shares during the period. Headlands Technologies LLC grew its holdings in shares of Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock worth $56,000 after purchasing an additional 757 shares in the last quarter. Eastern Bank bought a new position in Helmerich & Payne in the third quarter valued at $61,000. Finally, KBC Group NV lifted its stake in shares of Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after acquiring an additional 529 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Performance

Shares of HP stock traded up $0.11 during trading hours on Tuesday, hitting $35.29. The company's stock had a trading volume of 439,021 shares, compared to its average volume of 1,378,781. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $34.20 and a 200 day moving average of $34.81. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11. The stock has a market cap of $3.48 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 4.12 and a beta of 1.39.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts' consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same quarter last year, the business posted $0.69 EPS. The company's revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. Helmerich & Payne's payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Thursday, August 29th. Barclays lowered their price objective on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 20th. Citigroup cut their price target on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a report on Friday, September 13th. Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating for the company in a research note on Friday, November 15th. Finally, Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.57.

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.