Davy Asset Management Ltd acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent filing with the SEC. The firm acquired 20,639 shares of the oil and gas company’s stock, valued at approximately $1,316,000.

A number of other large investors have also recently bought and sold shares of HP. Toronto Dominion Bank boosted its position in shares of Helmerich & Payne by 19.3% during the 2nd quarter. Toronto Dominion Bank now owns 69,994 shares of the oil and gas company’s stock worth $4,461,000 after purchasing an additional 11,326 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of Helmerich & Payne by 2.9% during the 2nd quarter. Gabelli Funds LLC now owns 35,000 shares of the oil and gas company’s stock worth $2,232,000 after purchasing an additional 1,000 shares in the last quarter. Goodman Financial Corp boosted its position in shares of Helmerich & Payne by 7.0% during the 2nd quarter. Goodman Financial Corp now owns 86,182 shares of the oil and gas company’s stock worth $5,495,000 after purchasing an additional 5,627 shares in the last quarter. Royce & Associates LP boosted its position in shares of Helmerich & Payne by 4.6% during the 2nd quarter. Royce & Associates LP now owns 543,279 shares of the oil and gas company’s stock worth $34,639,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Natixis Advisors L.P. purchased a new stake in shares of Helmerich & Payne during the 1st quarter worth $1,018,000. Hedge funds and other institutional investors own 91.94% of the company’s stock.

Several equities research analysts have commented on HP shares. Jefferies Financial Group upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, June 19th. ValuEngine lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of Helmerich & Payne from $47.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday, July 27th. Stephens upgraded shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 target price on the stock in a research report on Monday, July 30th. Finally, Piper Jaffray Companies set a $67.00 target price on shares of Helmerich & Payne and gave the stock a “hold” rating in a research report on Sunday, July 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $66.47.

NYSE:HP opened at $65.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.57 and a current ratio of 2.97. Helmerich & Payne, Inc. has a 52-week low of $48.88 and a 52-week high of $75.02.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $648.87 million for the quarter, compared to analyst estimates of $617.06 million. Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) EPS. research analysts forecast that Helmerich & Payne, Inc. will post 0.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -223.62%.

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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