Qube Research & Technologies Ltd reduced its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 75.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,246 shares of the oil and gas company’s stock after selling 12,783 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Helmerich & Payne were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HP. Comerica Bank boosted its stake in Helmerich & Payne by 0.4% during the second quarter. Comerica Bank now owns 61,802 shares of the oil and gas company’s stock worth $3,092,000 after acquiring an additional 222 shares in the last quarter. Sigma Planning Corp bought a new position in Helmerich & Payne during the second quarter worth $489,000. DekaBank Deutsche Girozentrale boosted its stake in Helmerich & Payne by 75.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 18,496 shares of the oil and gas company’s stock worth $942,000 after acquiring an additional 7,927 shares in the last quarter. Advisory Services Network LLC boosted its stake in Helmerich & Payne by 15.6% during the second quarter. Advisory Services Network LLC now owns 7,555 shares of the oil and gas company’s stock worth $382,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in Helmerich & Payne by 1.0% during the second quarter. Wedge Capital Management L L P NC now owns 317,852 shares of the oil and gas company’s stock worth $16,090,000 after acquiring an additional 3,046 shares in the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Helmerich & Payne stock opened at $39.91 on Thursday. Helmerich & Payne, Inc. has a 1-year low of $38.65 and a 1-year high of $73.74. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 285.07 and a beta of 1.49. The firm’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $53.05. The company has a current ratio of 2.86, a quick ratio of 2.47 and a debt-to-equity ratio of 0.12.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Helmerich & Payne had a negative net margin of 2.54% and a positive return on equity of 4.06%. The firm had revenue of $687.97 million for the quarter, compared to analyst estimates of $689.41 million. During the same period last year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that Helmerich & Payne, Inc. will post 1.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Friday, August 9th. Helmerich & Payne’s payout ratio is currently 2,028.57%.

Several research analysts recently issued reports on HP shares. Piper Jaffray Companies cut their target price on shares of Helmerich & Payne from $57.00 to $52.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. B. Riley reaffirmed a “buy” rating and issued a $63.00 price objective (down from $83.00) on shares of Helmerich & Payne in a research note on Friday, August 2nd. Susquehanna Bancshares dropped their price objective on shares of Helmerich & Payne from $72.00 to $62.00 in a research note on Wednesday, July 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Helmerich & Payne in a research note on Thursday, June 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Helmerich & Payne from $64.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $63.08.

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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