Mutual of America Capital Management LLC Grows Holdings in Helmerich & Payne, Inc. (NYSE:HP)

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Mutual of America Capital Management LLC grew its stake in Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,203 shares of the oil and gas company’s stock after acquiring an additional 461 shares during the period. Mutual of America Capital Management LLC’s holdings in Helmerich & Payne were worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Helmerich & Payne by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,157,669 shares of the oil and gas company’s stock valued at $98,538,000 after purchasing an additional 13,350 shares in the last quarter. State Street Corp grew its holdings in shares of Helmerich & Payne by 2.9% in the fourth quarter. State Street Corp now owns 4,014,264 shares of the oil and gas company’s stock valued at $95,138,000 after purchasing an additional 114,270 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Helmerich & Payne by 28.2% in the first quarter. Boston Trust Walden Corp now owns 1,977,694 shares of the oil and gas company’s stock valued at $84,606,000 after purchasing an additional 434,747 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Helmerich & Payne by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,855,801 shares of the oil and gas company’s stock valued at $43,982,000 after purchasing an additional 18,080 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Helmerich & Payne by 16.7% in the fourth quarter. Northern Trust Corp now owns 1,482,421 shares of the oil and gas company’s stock valued at $35,134,000 after purchasing an additional 211,774 shares in the last quarter. 88.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Helmerich & Payne

In related news, SVP Raymond John Adams III sold 1,500 shares of the company’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $40.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now owns 54,399 shares in the company, valued at approximately $2,175,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.35% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of Helmerich & Payne from $55.00 to $62.00 in a report on Wednesday, June 8th. Benchmark began coverage on shares of Helmerich & Payne in a report on Monday, April 11th. They set a “buy” rating and a $53.00 price target for the company. Susquehanna Bancshares boosted their price target on shares of Helmerich & Payne from $55.00 to $62.00 and gave the stock a “positive” rating in a report on Wednesday, June 8th. Barclays upgraded shares of Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Thursday, July 14th. Finally, Citigroup boosted their price target on shares of Helmerich & Payne from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.22.

Helmerich & Payne Trading Up 4.4 %

Shares of Helmerich & Payne stock opened at $46.30 on Friday. The company has a fifty day simple moving average of $44.59 and a 200-day simple moving average of $41.28. Helmerich & Payne, Inc. has a 12-month low of $20.93 and a 12-month high of $54.59. The company has a current ratio of 2.43, a quick ratio of 2.21 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -25.87 and a beta of 1.74.

Helmerich & Payne (NYSE:HPGet Rating) last issued its earnings results on Wednesday, April 27th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.15. Helmerich & Payne had a negative net margin of 12.30% and a negative return on equity of 6.73%. The business had revenue of $467.60 million during the quarter, compared to analysts’ expectations of $449.63 million. During the same quarter in the prior year, the business posted ($0.60) EPS. The company’s revenue for the quarter was up 57.9% on a year-over-year basis. On average, equities analysts forecast that Helmerich & Payne, Inc. will post -0.34 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, August 16th. Helmerich & Payne’s payout ratio is -55.87%.

Helmerich & Payne Profile

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Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.

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