State of Alaska Department of Revenue Buys 1,023 Shares of Helmerich & Payne, Inc. (HP)

State of Alaska Department of Revenue boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,712 shares of the oil and gas company’s stock after purchasing an additional 1,023 shares during the quarter. State of Alaska Department of Revenue’s holdings in Helmerich & Payne were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Helmerich & Payne by 0.6% in the third quarter. BlackRock Inc. now owns 10,149,341 shares of the oil and gas company’s stock worth $697,971,000 after acquiring an additional 56,769 shares during the last quarter. Capital World Investors boosted its stake in shares of Helmerich & Payne by 5.6% in the third quarter. Capital World Investors now owns 5,591,400 shares of the oil and gas company’s stock worth $384,521,000 after acquiring an additional 295,400 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Helmerich & Payne by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 2,939,321 shares of the oil and gas company’s stock worth $187,411,000 after acquiring an additional 58,078 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Helmerich & Payne by 71.4% in the third quarter. Janus Henderson Group PLC now owns 1,179,228 shares of the oil and gas company’s stock worth $81,095,000 after acquiring an additional 491,300 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Helmerich & Payne by 406.4% during the third quarter. American Century Companies Inc. now owns 983,927 shares of the oil and gas company’s stock worth $67,665,000 after buying an additional 789,623 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

In related news, VP John R. Bell sold 13,000 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $60.17, for a total value of $782,210.00. Following the completion of the sale, the vice president now directly owns 63,375 shares of the company’s stock, valued at approximately $3,813,273.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael Lennox sold 6,912 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $60.08, for a total value of $415,272.96. Following the completion of the sale, the vice president now directly owns 10,360 shares of the company’s stock, valued at $622,428.80. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on HP shares. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, November 21st. SunTrust Banks raised Helmerich & Payne from a “sell” rating to a “buy” rating and upped their price target for the company from $58.00 to $75.00 in a research note on Monday, November 19th. Seaport Global Securities raised Helmerich & Payne from a “sell” rating to a “neutral” rating and upped their price target for the company from $61.00 to $64.00 in a research note on Friday, December 7th. B. Riley set a $83.00 price target on Helmerich & Payne and gave the company a “buy” rating in a research note on Sunday, October 7th. Finally, Royal Bank of Canada set a $80.00 price target on Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. Helmerich & Payne presently has an average rating of “Buy” and an average price target of $70.72.

HP opened at $54.14 on Friday. Helmerich & Payne, Inc. has a one year low of $44.56 and a one year high of $75.02. The stock has a market capitalization of $5.84 billion, a PE ratio of 487.09 and a beta of 1.42. The company has a current ratio of 2.96, a quick ratio of 2.54 and a debt-to-equity ratio of 0.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $696.83 million for the quarter, compared to the consensus estimate of $683.89 million. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. On average, research analysts expect that Helmerich & Payne, Inc. will post 1.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 8th will be given a $0.71 dividend. The ex-dividend date is Thursday, February 7th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.25%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,028.57%.

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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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