Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,420 shares of the oil and gas company’s stock after purchasing an additional 1,901 shares during the period. Nisa Investment Advisors LLC owned 0.10% of Helmerich & Payne worth $2,933,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. American Century Companies Inc. boosted its position in Helmerich & Payne by 38.1% during the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after purchasing an additional 513,647 shares during the period. Earnest Partners LLC lifted its stake in Helmerich & Payne by 15.7% in the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock valued at $125,392,000 after buying an additional 471,420 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Helmerich & Payne by 51.7% during the second quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after acquiring an additional 405,179 shares during the period. Pacer Advisors Inc. grew its position in shares of Helmerich & Payne by 9.4% during the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after acquiring an additional 327,802 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Helmerich & Payne by 120.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock worth $13,267,000 after acquiring an additional 200,700 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HP shares. Bank of America decreased their target price on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Finally, Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.29.

Helmerich & Payne Price Performance

HP opened at $32.93 on Friday. The firm has a market capitalization of $3.25 billion, a P/E ratio of 9.54, a PEG ratio of 3.60 and a beta of 1.42. The stock has a fifty day moving average of $32.83 and a 200-day moving average of $35.58. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.04%. Helmerich & Payne’s dividend payout ratio is currently 28.99%.

About Helmerich & Payne

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.