NN Investment Partners Holdings N.V. purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,400 shares of the oil and gas company’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also modified their holdings of HP. BlackRock Inc. raised its position in shares of Helmerich & Payne by 1.4% during the second quarter. BlackRock Inc. now owns 10,092,572 shares of the oil and gas company’s stock worth $643,501,000 after purchasing an additional 135,102 shares during the period. Bank of New York Mellon Corp raised its position in shares of Helmerich & Payne by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 2,939,321 shares of the oil and gas company’s stock worth $187,411,000 after purchasing an additional 58,078 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Helmerich & Payne by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,737,350 shares of the oil and gas company’s stock worth $174,549,000 after purchasing an additional 40,868 shares during the period. Van ECK Associates Corp raised its position in shares of Helmerich & Payne by 0.3% during the second quarter. Van ECK Associates Corp now owns 1,140,469 shares of the oil and gas company’s stock worth $72,716,000 after purchasing an additional 3,165 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Helmerich & Payne by 4.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 914,283 shares of the oil and gas company’s stock valued at $58,295,000 after buying an additional 39,226 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

HP has been the subject of a number of analyst reports. Zacks Investment Research lowered Helmerich & Payne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th. Capital One Financial raised Helmerich & Payne from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 5th. Royal Bank of Canada raised Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Thursday, September 20th. Wolfe Research initiated coverage on Helmerich & Payne in a research report on Wednesday, October 10th. They issued an “underperform” rating for the company. Finally, Stephens raised Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 price target for the company in a research report on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $72.00.

Shares of NYSE:HP opened at $65.71 on Thursday. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -51.74 and a beta of 1.30. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11. Helmerich & Payne, Inc. has a 1 year low of $52.53 and a 1 year high of $75.02.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a yield of 4.32%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -223.62%.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $65.13, for a total value of $736,555.17. Following the completion of the transaction, the director now owns 14,874 shares in the company, valued at approximately $968,743.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Lindsay sold 30,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

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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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