IFM Investors Pty Ltd Has $395,000 Holdings in Helmerich & Payne, Inc. (NYSE:HP)

IFM Investors Pty Ltd raised its stake in Helmerich & Payne, Inc. (NYSE:HP) by 43.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,849 shares of the oil and gas company’s stock after acquiring an additional 2,987 shares during the quarter. IFM Investors Pty Ltd’s holdings in Helmerich & Payne were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Helmerich & Payne by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,381,816 shares of the oil and gas company’s stock valued at $626,767,000 after acquiring an additional 490,806 shares in the last quarter. Invesco Ltd. increased its position in Helmerich & Payne by 18.7% in the 2nd quarter. Invesco Ltd. now owns 2,156,692 shares of the oil and gas company’s stock valued at $109,172,000 after acquiring an additional 339,457 shares in the last quarter. Bank of New York Mellon Corp increased its position in Helmerich & Payne by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,788,824 shares of the oil and gas company’s stock valued at $90,551,000 after acquiring an additional 81,159 shares in the last quarter. Fisher Asset Management LLC increased its position in Helmerich & Payne by 1.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,466,963 shares of the oil and gas company’s stock valued at $58,781,000 after acquiring an additional 17,495 shares in the last quarter. Finally, Northern Trust Corp increased its position in Helmerich & Payne by 3.8% in the 2nd quarter. Northern Trust Corp now owns 1,307,637 shares of the oil and gas company’s stock valued at $66,193,000 after acquiring an additional 47,878 shares in the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

HP has been the subject of several analyst reports. Zacks Investment Research cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating and set a $40.00 price target for the company. in a research report on Tuesday, October 15th. Capital One Financial reiterated an “overweight” rating on shares of Helmerich & Payne in a research report on Tuesday, October 8th. Piper Jaffray Companies lowered their price target on shares of Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley lowered their price target on shares of Helmerich & Payne from $52.00 to $45.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. Finally, ValuEngine upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.18.

NYSE HP traded down $0.38 during trading on Tuesday, reaching $40.80. 51,392 shares of the stock traded hands, compared to its average volume of 1,544,920. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 291.07, a price-to-earnings-growth ratio of 4.19 and a beta of 1.59. The stock’s 50-day moving average price is $39.28 and its 200 day moving average price is $46.16. The company has a quick ratio of 2.47, a current ratio of 2.86 and a debt-to-equity ratio of 0.12. Helmerich & Payne, Inc. has a fifty-two week low of $35.74 and a fifty-two week high of $64.80.

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

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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

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