Swiss National Bank Has $5.87 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Swiss National Bank lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,800 shares of the oil and gas company’s stock after selling 1,600 shares during the period. Swiss National Bank’s holdings in Helmerich & Payne were worth $5,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its holdings in shares of Helmerich & Payne by 18.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company’s stock valued at $1,784,000 after purchasing an additional 9,004 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Helmerich & Payne by 13.1% in the 2nd 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. William B. Walkup & Associates Inc. acquired a new stake in shares of Helmerich & Payne in the 2nd quarter worth about $1,274,000. Canada Pension Plan Investment Board raised its holdings in shares of Helmerich & Payne by 120.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock worth $13,267,000 after acquiring an additional 200,700 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Helmerich & Payne by 88.1% in the 2nd quarter. Sei Investments Co. now owns 53,124 shares of the oil and gas company’s stock worth $1,920,000 after acquiring an additional 24,875 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

HP has been the topic of a number of analyst reports. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. 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 report on Wednesday, November 20th. Citigroup reduced their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Stock Up 1.3 %

Helmerich & Payne stock opened at $34.86 on Thursday. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The firm has a 50 day moving average price of $33.99 and a 200-day moving average price of $34.92. The company has a market capitalization of $3.44 billion, a P/E ratio of 10.13, a P/E/G ratio of 4.19 and a beta of 1.40. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HP) 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 during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. Helmerich & Payne’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. As a group, equities analysts predict that Helmerich & Payne, Inc. will post 3.21 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

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.