Xact Kapitalforvaltning AB Has $799,000 Position in Helmerich & Payne, Inc. (HP)

Xact Kapitalforvaltning AB trimmed its position in Helmerich & Payne, Inc. (NYSE:HP) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,625 shares of the oil and gas company’s stock after selling 1,417 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Helmerich & Payne were worth $799,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Helmerich & Payne by 9.8% during the 1st quarter. LPL Financial LLC now owns 16,341 shares of the oil and gas company’s stock valued at $1,088,000 after acquiring an additional 1,454 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Helmerich & Payne by 86.1% during the 1st quarter. Royal Bank of Canada now owns 63,388 shares of the oil and gas company’s stock valued at $4,219,000 after acquiring an additional 29,321 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Helmerich & Payne by 28.6% during the 1st quarter. Principal Financial Group Inc. now owns 297,745 shares of the oil and gas company’s stock valued at $19,818,000 after acquiring an additional 66,289 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Helmerich & Payne by 765.7% during the 1st quarter. Allianz Asset Management GmbH now owns 83,531 shares of the oil and gas company’s stock valued at $5,559,000 after acquiring an additional 73,882 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Helmerich & Payne by 49.7% during the 2nd quarter. IFM Investors Pty Ltd now owns 4,983 shares of the oil and gas company’s stock valued at $318,000 after acquiring an additional 1,655 shares during the last quarter. 92.17% of the stock is owned by institutional investors.

In other news, Director Chapman Paula Marshall sold 11,309 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $65.13, for a total value of $736,555.17. Following the transaction, the director now directly owns 14,874 shares of the company’s stock, valued at $968,743.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Lindsay sold 30,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

HP opened at $63.80 on Tuesday. Helmerich & Payne, Inc. has a 12-month low of $52.53 and a 12-month high of $75.02. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be issued a $0.71 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.45%. Helmerich & Payne’s payout ratio is currently -223.62%.

HP has been the subject of a number of recent research reports. ValuEngine downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. JPMorgan Chase & Co. increased their price objective on Helmerich & Payne from $47.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, July 27th. Stephens upgraded Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 price objective for the company in a research report on Monday, July 30th. Piper Jaffray Companies set a $67.00 price objective on Helmerich & Payne and gave the company a “hold” rating in a research report on Sunday, July 29th. Finally, Cowen set a $57.00 target price on Helmerich & Payne and gave the company a “hold” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.00.

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Helmerich & Payne Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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