Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 1,241.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,571 shares of the oil and gas company's stock after purchasing an additional 322,578 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.35% of Helmerich & Payne worth $10,604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its position in shares of Helmerich & Payne by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,184 shares of the oil and gas company's stock valued at $1,396,000 after buying an additional 4,650 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Helmerich & Payne in the first quarter worth $208,000. Covestor Ltd boosted its stake in Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock worth $40,000 after buying an additional 674 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Helmerich & Payne by 112.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 20,386 shares of the oil and gas company's stock worth $857,000 after purchasing an additional 10,810 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Helmerich & Payne by 17.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,972 shares of the oil and gas company's stock valued at $5,589,000 after purchasing an additional 19,831 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Up 4.7 %

NYSE:HP traded up $1.63 during midday trading on Friday, reaching $36.06. 2,096,446 shares of the stock traded hands, compared to its average volume of 1,385,821. The business has a 50-day moving average of $33.73 and a two-hundred day moving average of $35.04. The stock has a market capitalization of $3.56 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

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

Helmerich & Payne Dividend Announcement

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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.77%. Helmerich & Payne's dividend payout ratio is currently 29.07%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HP. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research note on Thursday. Royal Bank of Canada decreased 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. Citigroup dropped their price objective on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Thursday, August 29th. Finally, Barclays dropped their price target on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $38.57.

About Helmerich & Payne

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.