Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Sprott Inc.

Sprott Inc. raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 4.6% in the second quarter, Holdings Channel reports. The institutional investor owned 212,648 shares of the oil and gas company’s stock after buying an additional 9,429 shares during the quarter. Helmerich & Payne accounts for about 2.6% of Sprott Inc.’s portfolio, making the stock its 8th biggest holding. Sprott Inc.’s holdings in Helmerich & Payne were worth $10,764,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HP. Synovus Financial Corp increased its position in shares of Helmerich & Payne by 45.0% during the first quarter. Synovus Financial Corp now owns 580 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 180 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Helmerich & Payne by 1.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,625 shares of the oil and gas company’s stock valued at $924,000 after purchasing an additional 197 shares during the period. Mraz Amerine & Associates Inc. increased its position in shares of Helmerich & Payne by 0.5% during the first quarter. Mraz Amerine & Associates Inc. now owns 38,530 shares of the oil and gas company’s stock valued at $2,141,000 after purchasing an additional 200 shares during the period. Comerica Bank increased its position in shares of Helmerich & Payne by 0.4% during the second quarter. Comerica Bank now owns 61,802 shares of the oil and gas company’s stock valued at $3,092,000 after purchasing an additional 222 shares during the period. Finally, Alpha Windward LLC grew its position in Helmerich & Payne by 2.7% in the second quarter. Alpha Windward LLC now owns 8,716 shares of the oil and gas company’s stock valued at $416,000 after acquiring an additional 226 shares during the period. Institutional investors own 90.73% of the company’s stock.

Shares of HP stock traded up $5.27 during trading hours on Monday, hitting $46.73. 158,585 shares of the company’s stock were exchanged, compared to its average volume of 1,521,346. The stock’s 50-day moving average is $41.40 and its 200-day moving average is $51.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.86 and a quick ratio of 2.47. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 333.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.57. Helmerich & Payne, Inc. has a 52 week low of $36.06 and a 52 week high of $73.74.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $687.97 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Equities research analysts forecast that Helmerich & Payne, Inc. will post 1.51 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.71 per share. This represents a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, November 7th. Helmerich & Payne’s payout ratio is presently 2,028.57%.

A number of brokerages have weighed in on HP. Bank of America lowered their price target on Helmerich & Payne from $56.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. AltaCorp Capital reiterated an “outperform” rating on shares of Helmerich & Payne in a research report on Thursday, June 20th. Susquehanna Bancshares lowered their price target on Helmerich & Payne from $72.00 to $62.00 in a research report on Wednesday, July 10th. Wells Fargo & Co cut Helmerich & Payne from an “outperform” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research report on Thursday. Finally, B. Riley reiterated a “buy” rating and issued a $63.00 price target (down from $83.00) on shares of Helmerich & Payne in a research report on Friday, August 2nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.75.

Helmerich & Payne Company 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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