Robotti Robert Has $4.81 Million Position in Helmerich & Payne, Inc. (HP)
Robotti Robert cut its position in Helmerich & Payne, Inc. (NYSE:HP) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,413 shares of the oil and gas company’s stock after selling 975 shares during the quarter. Helmerich & Payne comprises approximately 1.3% of Robotti Robert’s holdings, making the stock its 21st biggest position. Robotti Robert’s holdings in Helmerich & Payne were worth $4,810,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Sandy Spring Bank grew its stake in shares of Helmerich & Payne by 36.7% in the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 950 shares in the last quarter. Sapphire Star Partners LP bought a new position in Helmerich & Payne during the third quarter worth $202,000. Private Advisor Group LLC bought a new position in Helmerich & Payne during the third quarter worth $206,000. McCollum Christoferson Group LLC bought a new position in Helmerich & Payne during the fourth quarter worth $209,000. Finally, IFM Investors Pty Ltd bought a new position in Helmerich & Payne during the fourth quarter worth $215,000.
A number of research firms have commented on HP. B. Riley reaffirmed a “neutral” rating on shares of Helmerich & Payne in a research report on Wednesday, November 1st. Stephens began coverage on shares of Helmerich & Payne in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $67.00 price objective for the company. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $48.00 price objective on shares of Helmerich & Payne in a research report on Friday, November 24th. Finally, Sanford C. Bernstein cut shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the stock. Helmerich & Payne currently has an average rating of “Hold” and an average price target of $57.68.
Shares of Helmerich & Payne, Inc. (NYSE HP) opened at $63.73 on Wednesday. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $75.02. The company has a current ratio of 3.28, a quick ratio of 2.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7,037.15, a price-to-earnings ratio of 17.32 and a beta of 1.27.
Helmerich & Payne (NYSE:HP) last posted its earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The company had revenue of $564.10 million during the quarter, compared to the consensus estimate of $547.64 million. During the same quarter last year, the firm earned ($0.33) earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. research analysts forecast that Helmerich & Payne, Inc. will post -0.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, February 9th. Helmerich & Payne’s dividend payout ratio is currently 76.09%.
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About Helmerich & Payne
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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