First Midwest Bank Trust Division Raises Holdings in Helmerich & Payne, Inc. (NYSE:HP)

First Midwest Bank Trust Division raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 7.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,088 shares of the oil and gas company’s stock after purchasing an additional 1,394 shares during the period. First Midwest Bank Trust Division’s holdings in Helmerich & Payne were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HP. Zeke Capital Advisors LLC lifted its holdings in shares of Helmerich & Payne by 3.1% during the 1st quarter. Zeke Capital Advisors LLC now owns 5,820 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 176 shares during the period. Synovus Financial Corp raised its holdings in Helmerich & Payne by 45.0% in the 1st quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 180 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in Helmerich & Payne by 1.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 16,625 shares of the oil and gas company’s stock worth $924,000 after purchasing an additional 197 shares during the period. Mraz Amerine & Associates Inc. raised its holdings in Helmerich & Payne by 0.5% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 38,530 shares of the oil and gas company’s stock worth $2,141,000 after purchasing an additional 200 shares during the period. Finally, Capital Investment Counsel Inc raised its holdings in Helmerich & Payne by 1.2% in the 1st quarter. Capital Investment Counsel Inc now owns 17,947 shares of the oil and gas company’s stock worth $997,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

HP has been the topic of a number of recent research reports. Zacks Investment Research cut W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet raised BlackRock TCP Capital from a “c+” rating to a “b” rating in a report on Tuesday, May 28th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Wells Fargo & Co reissued a “buy” rating on shares of Helmerich & Payne in a report on Thursday, June 27th. Finally, Evercore ISI started coverage on Helmerich & Payne in a report on Thursday, June 6th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $65.03.

Shares of Helmerich & Payne stock traded up $0.72 during trading on Wednesday, reaching $50.13. 684,951 shares of the stock traded hands, compared to its average volume of 1,274,323. The firm has a market cap of $5.26 billion, a P/E ratio of 358.07 and a beta of 1.50. The firm’s fifty day moving average price is $50.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.86 and a quick ratio of 2.37. Helmerich & Payne, Inc. has a 52-week low of $44.56 and a 52-week high of $73.74.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $687.97 million during the quarter, compared to analyst estimates of $689.41 million. Helmerich & Payne had a positive return on equity of 4.06% and a negative net margin of 2.54%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be given a $0.71 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.84 annualized dividend and a yield of 5.67%. Helmerich & Payne’s dividend payout ratio is currently 2,028.57%.

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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