Cetera Investment Advisers Increases Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Cetera Investment Advisers raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,114 shares of the oil and gas company’s stock after acquiring an additional 4,692 shares during the quarter. Cetera Investment Advisers’ holdings in Helmerich & Payne were worth $612,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. purchased a new stake in shares of Helmerich & Payne during the 4th quarter worth approximately $28,708,000. Bank of America Corp DE raised its stake in Helmerich & Payne by 542.9% during the 4th quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company’s stock worth $16,748,000 after acquiring an additional 441,688 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in Helmerich & Payne by 22.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 165,040 shares of the oil and gas company’s stock valued at $5,285,000 after acquiring an additional 30,734 shares during the last quarter. AXA S.A. boosted its stake in Helmerich & Payne by 0.9% in the fourth quarter. AXA S.A. now owns 138,821 shares of the oil and gas company’s stock valued at $4,445,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC acquired a new position in Helmerich & Payne in the fourth quarter valued at $231,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 0.8%

NYSE:HP opened at $15.49 on Tuesday. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $42.60. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $20.38 and its 200-day simple moving average is $27.46. The firm has a market cap of $1.54 billion, a P/E ratio of 5.10, a PEG ratio of 3.52 and a beta of 0.93.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.63). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The business’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the business earned $0.84 earnings per share. Equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s payout ratio is 45.66%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HP. Citigroup reiterated a “neutral” rating and set a $19.00 target price (down previously from $25.00) on shares of Helmerich & Payne in a research report on Monday, May 19th. Susquehanna cut their price target on Helmerich & Payne from $43.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Barclays decreased their price objective on Helmerich & Payne from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, May 14th. Morgan Stanley lowered their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, May 16th. Finally, Argus raised shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.80.

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.