XTX Topco Ltd Takes $892,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

XTX Topco Ltd bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,325 shares of the oil and gas company's stock, valued at approximately $892,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock valued at $1,000,000 after buying an additional 342 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company's stock valued at $795,000 after buying an additional 513 shares during the last quarter. 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 purchasing an additional 529 shares during the last quarter. Covestor Ltd lifted its stake in shares of Helmerich & Payne by 76.9% in the 3rd 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 last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock valued at $56,000 after purchasing an additional 757 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

HP has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective 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. The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Thursday, August 29th. Citigroup lowered their price objective on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Finally, Barclays reduced their price target on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $38.57.

Helmerich & Payne Trading Up 1.7 %

HP traded up $0.56 during trading on Wednesday, hitting $34.45. 1,226,596 shares of the stock were exchanged, compared to its average volume of 1,378,356. The firm has a 50 day simple moving average of $34.62 and a 200 day simple moving average of $34.66. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 4.07 and a beta of 1.39. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. 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 (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. Helmerich & Payne's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 3.12 EPS for the current year.

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.