Nordea Investment Management AB Purchases 1,796 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Nordea Investment Management AB boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,636 shares of the oil and gas company’s stock after acquiring an additional 1,796 shares during the period. Nordea Investment Management AB owned 0.15% of Helmerich & Payne worth $4,602,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Helmerich & Payne by 28.0% in the third quarter. JPMorgan Chase & Co. now owns 593,330 shares of the oil and gas company’s stock worth $18,049,000 after acquiring an additional 129,613 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock valued at $4,793,000 after purchasing an additional 666 shares during the period. Tidal Investments LLC grew its position in Helmerich & Payne by 66.4% in the 3rd quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company’s stock worth $2,142,000 after purchasing an additional 28,101 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Helmerich & Payne during the 3rd quarter worth about $452,000. Finally, Geode Capital Management LLC raised its position in shares of Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after buying an additional 22,875 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Up 4.6 %

NYSE:HP opened at $34.29 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11. The stock’s fifty day simple moving average is $33.61 and its 200-day simple moving average is $34.20. The firm has a market capitalization of $3.39 billion, a P/E ratio of 9.97, a P/E/G ratio of 4.10 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million during the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities research analysts expect that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.92%. Helmerich & Payne’s payout ratio is 29.07%.

Analyst Upgrades and Downgrades

HP has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their target price for the company from $33.00 to $40.00 in a research note on Friday. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Finally, Barclays lowered their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $39.57.

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.