Mirae Asset Global Investments Co. Ltd. Purchases 19,580 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 43.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,080 shares of the oil and gas company’s stock after acquiring an additional 19,580 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Helmerich & Payne were worth $2,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY raised its stake in Helmerich & Payne by 3.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,313 shares of the oil and gas company’s stock worth $313,000 after acquiring an additional 226 shares during the period. Captrust Financial Advisors raised its position in shares of Helmerich & Payne by 1.9% during the second quarter. Captrust Financial Advisors now owns 17,651 shares of the oil and gas company’s stock valued at $626,000 after buying an additional 334 shares during the last quarter. AlphaMark Advisors LLC raised its position in shares of Helmerich & Payne by 5.8% during the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 346 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Helmerich & Payne by 221.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 367 shares during the last quarter. Finally, Ridgewood Investments LLC raised its position in shares of Helmerich & Payne by 3.7% during the fourth quarter. Ridgewood Investments LLC now owns 12,544 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 449 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 0.8 %

NYSE HP opened at $41.17 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $40.33 and a two-hundred day moving average of $38.63. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.96 and a beta of 1.51. Helmerich & Payne, Inc. has a 52 week low of $30.41 and a 52 week high of $46.55.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.73 by $0.24. The company had revenue of $677.00 million during the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. Helmerich & Payne’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. On average, analysts predict that Helmerich & Payne, Inc. will post 3.61 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s payout ratio is 23.87%.

Wall Street Analyst Weigh In

HP has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Susquehanna lifted their price objective on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research report on Monday, April 8th. Citigroup lifted their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Finally, Benchmark cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.88.

Helmerich & Payne 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.