Aperio Group LLC Sells 2,380 Shares of Helmerich & Payne, Inc. (HP)

Aperio Group LLC lessened its position in Helmerich & Payne, Inc. (NYSE:HP) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,770 shares of the oil and gas company’s stock after selling 2,380 shares during the quarter. Aperio Group LLC’s holdings in Helmerich & Payne were worth $7,755,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. OppenheimerFunds Inc. raised its position in Helmerich & Payne by 6.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 48,924 shares of the oil and gas company’s stock valued at $3,119,000 after buying an additional 3,161 shares during the last quarter. Toronto Dominion Bank grew its stake in Helmerich & Payne by 19.3% in the second quarter. Toronto Dominion Bank now owns 69,994 shares of the oil and gas company’s stock valued at $4,461,000 after purchasing an additional 11,326 shares in the last quarter. PVG Asset Management Corp bought a new position in Helmerich & Payne in the second quarter valued at approximately $947,000. Gabelli Funds LLC grew its stake in Helmerich & Payne by 2.9% in the second quarter. Gabelli Funds LLC now owns 35,000 shares of the oil and gas company’s stock valued at $2,232,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Helmerich & Payne by 11,011.0% in the second quarter. Cubist Systematic Strategies LLC now owns 11,111 shares of the oil and gas company’s stock valued at $708,000 after purchasing an additional 11,011 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HP opened at $60.97 on Tuesday. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11. Helmerich & Payne, Inc. has a 12 month low of $52.53 and a 12 month high of $75.02. The company has a market cap of $6.83 billion, a PE ratio of -48.01 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 annualized dividend and a dividend yield of 4.66%. Helmerich & Payne’s dividend payout ratio is currently -223.62%.

In other news, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $65.13, for a total value of $736,555.17. Following the transaction, the director now owns 14,874 shares of the company’s stock, valued at $968,743.62. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

A number of research analysts have weighed in on HP shares. Royal Bank of Canada upgraded Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Thursday, September 20th. B. Riley upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their price target for the company from $68.00 to $83.00 in a research note on Monday, September 24th. JPMorgan Chase & Co. upgraded Helmerich & Payne from an “underweight” rating to a “neutral” rating and raised their price target for the company from $49.00 to $58.00 in a research note on Friday, September 14th. BMO Capital Markets restated a “sell” rating and issued a $62.00 price target on shares of Helmerich & Payne in a research note on Sunday, October 21st. Finally, Capital One Financial upgraded Helmerich & Payne from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.00.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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