UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Helmerich & Payne, Inc. (NYSE:HP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 16.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,134 shares of the oil and gas company's stock after selling 29,505 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Helmerich & Payne worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Helmerich & Payne by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company's stock worth $201,543,000 after acquiring an additional 176,179 shares during the period. Pacer Advisors Inc. grew its position in Helmerich & Payne by 9.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company's stock worth $138,302,000 after purchasing an additional 327,802 shares during the period. Earnest Partners LLC raised its stake in shares of Helmerich & Payne by 15.7% during the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company's stock valued at $125,392,000 after buying an additional 471,420 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Helmerich & Payne by 1.3% in the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company's stock valued at $80,320,000 after buying an additional 27,660 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Helmerich & Payne by 38.1% in the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company's stock worth $67,306,000 after buying an additional 513,647 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Price Performance

HP stock traded down $0.62 during midday trading on Thursday, reaching $33.83. The stock had a trading volume of 1,338,443 shares, compared to its average volume of 1,378,197. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11. 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's fifty day simple moving average is $34.66 and its 200 day simple moving average is $34.66. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 4.07 and a beta of 1.39.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same period last year, the firm posted $0.69 earnings per share. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on HP. Barclays lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 20th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Royal Bank of Canada reduced their target price on 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 target on shares of 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, The Goldman Sachs Group reduced their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus price target 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.