Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,610 shares of the oil and gas company’s stock after acquiring an additional 7,135 shares during the quarter. Chartwell Investment Partners LLC owned 0.12% of Helmerich & Payne worth $7,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brandywine Global Investment Management LLC grew its position in Helmerich & Payne by 2,253.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 2,147,944 shares of the oil and gas company’s stock worth $116,720,000 after acquiring an additional 2,056,689 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Helmerich & Payne by 68.8% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,904,089 shares of the oil and gas company’s stock worth $212,148,000 after acquiring an additional 1,590,793 shares during the last quarter. Capital International Investors lifted its holdings in Helmerich & Payne by 33.5% in the 2nd quarter. Capital International Investors now owns 5,849,715 shares of the oil and gas company’s stock worth $317,874,000 after buying an additional 1,466,700 shares during the period. Kiltearn Partners LLP lifted its holdings in Helmerich & Payne by 165.0% in the 2nd quarter. Kiltearn Partners LLP now owns 2,289,302 shares of the oil and gas company’s stock worth $124,401,000 after buying an additional 1,425,513 shares during the period. Finally, Prudential PLC lifted its holdings in Helmerich & Payne by 64.8% in the 2nd quarter. Prudential PLC now owns 2,487,853 shares of the oil and gas company’s stock worth $135,190,000 after buying an additional 977,825 shares during the period.

Several research firms have weighed in on HP. Zacks Investment Research cut Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday. B. Riley reiterated a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. SunTrust Banks raised their target price on Helmerich & Payne to $50.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Jaffray Companies restated a “hold” rating and issued a $48.00 target price on shares of Helmerich & Payne in a research note on Friday, November 24th. Finally, Jefferies Group set a $58.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Saturday, November 18th. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $54.92.

Helmerich & Payne, Inc. (HP) traded up $0.74 during trading on Thursday, hitting $57.21. The company’s stock had a trading volume of 1,213,308 shares, compared to its average volume of 1,840,124. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.59 and a quick ratio of 3.19. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $85.78.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Thursday, November 16th. The oil and gas company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Helmerich & Payne had a negative return on equity of 2.96% and a negative net margin of 7.16%. The company had revenue of $532.30 million during the quarter, compared to analyst estimates of $493.78 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share. Helmerich & Payne’s revenue was up 60.5% compared to the same quarter last year. equities research analysts forecast that Helmerich & Payne, Inc. will post -0.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s payout ratio is currently -233.33%.

In other news, CEO John W. Lindsay acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, with a total value of $238,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.

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About Helmerich & Payne

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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