CSat Investment Advisory L.P. Acquires 199 Shares of Helmerich & Payne, Inc. (HP)

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CSat Investment Advisory L.P. grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 41.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679 shares of the oil and gas company’s stock after purchasing an additional 199 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Helmerich & Payne were worth $33,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Helmerich & Payne by 1.0% in the 4th quarter. BlackRock Inc. now owns 10,247,697 shares of the oil and gas company’s stock valued at $491,275,000 after purchasing an additional 98,356 shares in the last quarter. Capital World Investors raised its holdings in shares of Helmerich & Payne by 5.6% in the 3rd quarter. Capital World Investors now owns 5,591,400 shares of the oil and gas company’s stock valued at $384,521,000 after purchasing an additional 295,400 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Helmerich & Payne by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 1,504,996 shares of the oil and gas company’s stock valued at $72,028,000 after purchasing an additional 117,117 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Helmerich & Payne by 0.5% in the 4th quarter. Northern Trust Corp now owns 1,240,419 shares of the oil and gas company’s stock valued at $59,467,000 after purchasing an additional 5,944 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Helmerich & Payne by 71.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,179,228 shares of the oil and gas company’s stock valued at $81,095,000 after purchasing an additional 491,300 shares in the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.

Shares of Helmerich & Payne stock opened at $54.48 on Friday. Helmerich & Payne, Inc. has a 1 year low of $44.56 and a 1 year high of $74.36. The company has a current ratio of 2.70, a quick ratio of 2.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 389.14 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Tuesday, January 29th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.14. Helmerich & Payne had a net margin of 0.06% and a return on equity of 1.18%. The company had revenue of $740.60 million for the quarter, compared to the consensus estimate of $716.12 million. On average, research analysts forecast that Helmerich & Payne, Inc. will post 1.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Friday, May 10th. Helmerich & Payne’s payout ratio is currently 2,028.57%.

Several brokerages recently commented on HP. Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a research note on Sunday, January 6th. Jefferies Financial Group reiterated a “buy” rating and set a $72.00 price target on shares of Helmerich & Payne in a research note on Monday, December 17th. Bank of America upgraded shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating and cut their price target for the stock from $71.00 to $64.00 in a research note on Monday, December 3rd. Seaport Global Securities reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Wednesday, January 30th. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Helmerich & Payne has a consensus rating of “Hold” and an average target price of $67.05.

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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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