Mirae Asset Global Investments Co. Ltd. Grows Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Mirae Asset Global Investments Co. Ltd. grew its stake in Helmerich & Payne, Inc. (NYSE:HP) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,080 shares of the oil and gas company’s stock after buying an additional 19,580 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Helmerich & Payne worth $2,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its stake in Helmerich & Payne by 1.8% in the 1st quarter. BlackRock Inc. now owns 17,910,973 shares of the oil and gas company’s stock worth $640,317,000 after buying an additional 319,188 shares in the last quarter. Vanguard Group Inc. grew its stake in Helmerich & Payne by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,891,665 shares of the oil and gas company’s stock worth $439,634,000 after buying an additional 86,545 shares in the last quarter. State Street Corp grew its stake in Helmerich & Payne by 7.7% in the 1st quarter. State Street Corp now owns 4,335,243 shares of the oil and gas company’s stock worth $154,985,000 after buying an additional 310,770 shares in the last quarter. Earnest Partners LLC grew its stake in Helmerich & Payne by 4.0% in the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock worth $123,508,000 after buying an additional 113,735 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock worth $98,535,000 after buying an additional 1,541,987 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 0.8 %

Shares of HP opened at $41.17 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 9.83, a PEG ratio of 1.96 and a beta of 1.51. 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 firm has a fifty day simple moving average of $40.33 and a two-hundred day simple moving average of $38.63. Helmerich & Payne, Inc. has a twelve month low of $30.41 and a twelve month high of $46.55.

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

Helmerich & Payne Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada upped their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Susquehanna upped their price objective on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, January 10th. Finally, Benchmark cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Two 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, the company has a consensus rating of “Hold” and an average price target 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.