Quantbot Technologies LP Has $3.72 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Quantbot Technologies LP increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,367 shares of the oil and gas company’s stock after acquiring an additional 10,783 shares during the period. Quantbot Technologies LP owned about 0.12% of Helmerich & Payne worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HP. American Century Companies Inc. raised its holdings in shares of Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after acquiring an additional 513,647 shares in the last quarter. Earnest Partners LLC raised its holdings in Helmerich & Payne by 15.7% during the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock valued at $125,392,000 after buying an additional 471,420 shares in the last quarter. LSV Asset Management raised its holdings in Helmerich & Payne by 51.7% during the second quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after buying an additional 405,179 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Helmerich & Payne by 9.4% during the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock valued at $138,302,000 after buying an additional 327,802 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Helmerich & Payne by 1,241.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock valued at $10,604,000 after buying an additional 322,578 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Helmerich & Payne Stock Down 2.5 %

NYSE HP opened at $34.40 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average is $33.95 and its two-hundred day moving average is $34.95. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 4.19 and a beta of 1.40. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results 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. 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 during the quarter, compared to analysts’ expectations of $695.99 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. Helmerich & Payne’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

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.