BNP Paribas Financial Markets Increases Holdings in Helmerich & Payne, Inc. (NYSE:HP)

BNP Paribas Financial Markets increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 116.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 242,515 shares of the oil and gas company’s stock after buying an additional 130,455 shares during the quarter. BNP Paribas Financial Markets owned 0.25% of Helmerich & Payne worth $7,377,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its stake in shares of Helmerich & Payne by 1.3% in the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock valued at $1,000,000 after buying an additional 342 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Helmerich & Payne by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after acquiring an additional 513 shares during the last quarter. KBC Group NV raised its stake in Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 529 shares during the period. Covestor Ltd lifted its holdings in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 643 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares during the period. Institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

HP has been the topic of several research reports. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Royal Bank of Canada dropped their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Citigroup cut their price target on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Finally, Barclays cut their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $35.19 on Tuesday. The stock’s 50-day simple moving average is $34.16 and its two-hundred day simple moving average is $34.83. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The firm has a market capitalization of $3.48 billion, a P/E ratio of 10.23, a P/E/G ratio of 4.12 and a beta of 1.40. 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 (NYSE:HP) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. During the same period in the prior year, the business earned $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

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.