Toews Corp ADV purchased a new position in Helmerich & Payne, Inc. (NYSE:HP) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,713 shares of the oil and gas company’s stock, valued at approximately $540,000. Helmerich & Payne comprises about 0.1% of Toews Corp ADV’s holdings, making the stock its 11th largest holding.
Several other large investors also recently modified their holdings of the stock. Quantinno Capital Management LP lifted its holdings in Helmerich & Payne by 180.4% in the first quarter. Quantinno Capital Management LP now owns 14,787 shares of the oil and gas company’s stock worth $822,000 after purchasing an additional 9,513 shares during the period. Hilton Capital Management LLC acquired a new stake in Helmerich & Payne in the first quarter worth about $90,000. Baltimore Capital Management Inc. bought a new stake in Helmerich & Payne in the first quarter worth about $633,000. Meiji Yasuda Asset Management Co Ltd. raised its position in Helmerich & Payne by 12.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,134 shares of the oil and gas company’s stock worth $563,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Helmerich & Payne by 41.1% during the 1st quarter. Wealthfront Advisers LLC now owns 28,293 shares of the oil and gas company’s stock worth $1,572,000 after buying an additional 8,239 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
HP has been the topic of several recent analyst reports. Evercore ISI initiated coverage on Helmerich & Payne in a report on Thursday, June 6th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Tuesday, March 19th. Piper Jaffray Companies set a $61.00 target price on Helmerich & Payne and gave the company a “hold” rating in a report on Thursday, April 4th. Susquehanna Bancshares set a $70.00 target price on Helmerich & Payne and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Goldman Sachs Group started coverage on Helmerich & Payne in a report on Sunday, March 10th. They issued a “neutral” rating and a $65.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $66.74.
Shares of NYSE HP traded down $1.85 during trading hours on Friday, hitting $48.40. The stock had a trading volume of 1,449,551 shares, compared to its average volume of 1,285,300. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 345.71 and a beta of 1.56. Helmerich & Payne, Inc. has a 52 week low of $44.56 and a 52 week high of $73.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 2.80.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.18. The business had revenue of $720.87 million during the quarter, compared to analysts’ expectations of $712.29 million. Helmerich & Payne had a return on equity of 2.95% and a net margin of 2.65%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS. On average, analysts predict that Helmerich & Payne, Inc. will post 1.67 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.84 annualized dividend and a dividend yield of 5.87%. Helmerich & Payne’s payout ratio is 2,028.57%.
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About Helmerich & Payne
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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