Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 22.2% in the second quarter, HoldingsChannel.com reports. The fund owned 25,182 shares of the oil and gas company’s stock after selling 7,204 shares during the quarter. Natixis Advisors LLC’s holdings in Helmerich & Payne were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Helmerich & Payne by 61.2% in the 4th quarter. BNP Paribas Financial Markets now owns 331,343 shares of the oil and gas company’s stock valued at $12,001,000 after buying an additional 125,768 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Helmerich & Payne in the fourth quarter valued at $1,206,000. Gendell Jeffrey L boosted its stake in shares of Helmerich & Payne by 44.9% during the fourth quarter. Gendell Jeffrey L now owns 405,776 shares of the oil and gas company’s stock valued at $14,697,000 after acquiring an additional 125,671 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Helmerich & Payne during the 1st quarter worth about $1,065,000. Finally, Russell Investments Group Ltd. raised its stake in Helmerich & Payne by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company’s stock valued at $6,436,000 after purchasing an additional 14,347 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

HP stock opened at $30.78 on Thursday. The company has a market cap of $3.04 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 3.25 and a beta of 1.42. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $35.30 and a two-hundred day moving average price of $37.53. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $46.55.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.15. The business had revenue of $697.70 million for the quarter, compared to analyst estimates of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. As a group, research analysts predict that Helmerich & Payne, Inc. will post 3.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HP shares. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price target on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Bank of America decreased their price objective on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Finally, The Goldman Sachs Group dropped their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Helmerich & Payne Company Profile

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.