AQR Capital Management LLC raised its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 209.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,447 shares of the oil and gas company's stock after purchasing an additional 112,580 shares during the quarter. AQR Capital Management LLC owned approximately 0.17% of Helmerich & Payne worth $6,015,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HP. Gendell Jeffrey L grew its stake in shares of Helmerich & Payne by 44.9% during the fourth quarter. Gendell Jeffrey L now owns 405,776 shares of the oil and gas company's stock valued at $14,697,000 after purchasing an additional 125,671 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Helmerich & Payne in the 1st quarter valued at $1,065,000. Russell Investments Group Ltd. increased its stake in shares of Helmerich & Payne by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company's stock valued at $6,436,000 after buying an additional 14,347 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Helmerich & Payne by 13.1% during the second quarter. Wedge Capital Management L L P NC now owns 188,402 shares of the oil and gas company's stock worth $6,809,000 after acquiring an additional 21,852 shares during the last quarter. Finally, Profit Investment Management LLC lifted its stake in shares of Helmerich & Payne by 51.4% during the first quarter. Profit Investment Management LLC now owns 79,792 shares of the oil and gas company's stock valued at $3,356,000 after acquiring an additional 27,101 shares during the period. Institutional investors and hedge funds own 96.05% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on HP. Bank of America cut their price objective on shares of Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating on the stock in a report on Monday, July 15th. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Royal Bank of Canada lifted their price objective on Helmerich & Payne from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research note on Friday, July 26th. Citigroup cut their target price 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. Finally, Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus price target of $40.88.
Check Out Our Latest Stock Analysis on HP
Helmerich & Payne Stock Up 2.6 %
Shares of HP traded up $0.86 during mid-day trading on Friday, hitting $34.29. 1,356,415 shares of the company's stock were exchanged, compared to its average volume of 1,373,790. The company has a 50-day simple moving average of $33.12 and a 200 day simple moving average of $36.66. 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 has a market cap of $3.39 billion, a PE ratio of 9.80, a P/E/G ratio of 3.62 and a beta of 1.42. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week high of $44.80.
Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.15. The company had revenue of $697.70 million during the quarter, compared to analysts' expectations of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. Helmerich & Payne's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, research analysts forecast that Helmerich & Payne, Inc. will post 3.48 earnings per share for the current fiscal year.
Helmerich & Payne Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given 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 2.92%. Helmerich & Payne's payout ratio is 28.57%.
About Helmerich & Payne
(
Free Report)
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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