Puzo Michael J Has $1,513,000 Stake in Helmerich & Payne, Inc. (HP)

Puzo Michael J decreased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 16.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,483 shares of the company’s stock after selling 4,365 shares during the period. Puzo Michael J’s holdings in Helmerich & Payne were worth $1,513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Helmerich & Payne by 2,747.3% in the second quarter. Alliancebernstein L.P. now owns 5,412,718 shares of the company’s stock valued at $363,356,000 after buying an additional 5,222,619 shares during the period. Capital International Investors increased its position in shares of Helmerich & Payne by 26.3% in the second quarter. Capital International Investors now owns 3,726,115 shares of the company’s stock valued at $250,134,000 after buying an additional 775,900 shares during the period. Victory Capital Management Inc. increased its position in shares of Helmerich & Payne by 43,009.6% in the third quarter. Victory Capital Management Inc. now owns 594,482 shares of the company’s stock valued at $40,009,000 after buying an additional 593,103 shares during the period. APG Asset Management N.V. increased its position in shares of Helmerich & Payne by 486.2% in the third quarter. APG Asset Management N.V. now owns 639,001 shares of the company’s stock valued at $43,005,000 after buying an additional 529,996 shares during the period. Finally, Capital World Investors increased its position in shares of Helmerich & Payne by 6.5% in the third quarter. Capital World Investors now owns 7,919,050 shares of the company’s stock valued at $532,952,000 after buying an additional 486,400 shares during the period.

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

Helmerich & Payne, Inc. (NYSE:HP) opened at 69.23 on Monday. Helmerich & Payne, Inc. has a 52-week low of $46.37 and a 52-week high of $85.78. The company’s market capitalization is $7.52 billion. The stock’s 50 day moving average is $75.82 and its 200-day moving average is $68.61.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, January 26th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.05. Helmerich & Payne had a negative return on equity of 3.34% and a negative net margin of 7.17%. The company had revenue of $369 million for the quarter, compared to the consensus estimate of $332.26 million. During the same quarter in the prior year, the company posted $0.15 EPS. Helmerich & Payne’s revenue was down 24.4% compared to the same quarter last year. Analysts predict that Helmerich & Payne, Inc. will post ($1.22) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Monday, February 13th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.04%. Helmerich & Payne’s dividend payout ratio is -274.51%.

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HP has been the subject of several research analyst reports. Jefferies Group LLC set a $50.00 price target on shares of Helmerich & Payne and gave the stock a “sell” rating in a report on Wednesday, November 16th. Nomura set a $71.00 price objective on shares of Helmerich & Payne and gave the stock a “buy” rating in a research note on Friday, November 18th. Zacks Investment Research raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Monday, January 30th. Credit Suisse Group reissued a “sell” rating and issued a $53.00 price objective on shares of Helmerich & Payne in a research note on Friday, November 18th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Helmerich & Payne in a research note on Wednesday, January 18th. They issued a “buy” rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Helmerich & Payne has a consensus rating of “Hold” and an average target price of $69.71.

In related news, VP Robert L. Stauder sold 7,807 shares of the company’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $77.76, for a total transaction of $607,072.32. Following the sale, the vice president now owns 14,936 shares of the company’s stock, valued at $1,161,423.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert L. Stauder sold 44,501 shares of the company’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $81.24, for a total transaction of $3,615,261.24. Following the sale, the vice president now directly owns 24,493 shares in the company, valued at approximately $1,989,811.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,300 shares of company stock worth $15,268,095. 4.23% of the stock is owned by insiders.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

5 Day Chart for NYSE:HP

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