Harbor Capital Advisors Inc. Buys 29,100 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Harbor Capital Advisors Inc. lifted its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 10,355.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,381 shares of the oil and gas company's stock after acquiring an additional 29,100 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Helmerich & Payne were worth $767,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Helmerich & Payne by 101.6% in the 1st quarter. Farther Finance Advisors LLC now owns 12,892 shares of the oil and gas company's stock worth $342,000 after buying an additional 6,496 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Helmerich & Payne by 21.5% in the 1st quarter. Park Avenue Securities LLC now owns 7,925 shares of the oil and gas company's stock worth $207,000 after buying an additional 1,400 shares during the last quarter. Lmcg Investments LLC boosted its holdings in shares of Helmerich & Payne by 0.8% in the 1st quarter. Lmcg Investments LLC now owns 120,164 shares of the oil and gas company's stock worth $3,139,000 after buying an additional 931 shares during the last quarter. Profit Investment Management LLC boosted its holdings in shares of Helmerich & Payne by 6.9% in the 1st quarter. Profit Investment Management LLC now owns 81,762 shares of the oil and gas company's stock worth $2,136,000 after buying an additional 5,301 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Helmerich & Payne by 4,743.2% in the 1st quarter. GAMMA Investing LLC now owns 82,722 shares of the oil and gas company's stock worth $21,610,000 after buying an additional 81,014 shares during the last quarter. Institutional investors own 96.05% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HP. Morgan Stanley cut their price target on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 16th. Citigroup reissued a "neutral" rating and issued a $19.00 price target (down from $25.00) on shares of Helmerich & Payne in a report on Monday, May 19th. Barclays dropped their price objective on shares of Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. The Goldman Sachs Group dropped their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Finally, Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $27.73.

Helmerich & Payne Price Performance

Shares of HP traded up $0.31 during midday trading on Friday, hitting $18.30. 2,642,071 shares of the company traded hands, compared to its average volume of 1,701,436. The stock has a 50-day moving average of $18.28 and a 200-day moving average of $25.75. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $42.60. The firm has a market cap of $1.82 billion, a P/E ratio of 6.02, a PEG ratio of 3.52 and a beta of 0.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.63). Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. During the same quarter in the prior year, the company earned $0.84 earnings per share. The company's quarterly revenue was up 47.7% on a year-over-year basis. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's dividend payout ratio is presently 45.66%.

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.