Principal Financial Group Inc. Has $12.93 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Principal Financial Group Inc. boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,813 shares of the oil and gas company's stock after buying an additional 15,990 shares during the period. Principal Financial Group Inc. owned about 0.50% of Helmerich & Payne worth $12,925,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Earnest Partners LLC boosted its stake in Helmerich & Payne by 1.0% during the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock worth $111,654,000 after buying an additional 35,013 shares in the last quarter. American Century Companies Inc. boosted its stake in Helmerich & Payne by 14.0% during the fourth quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company's stock worth $85,121,000 after buying an additional 327,374 shares in the last quarter. Northern Trust Corp boosted its stake in Helmerich & Payne by 5.1% during the fourth quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock worth $54,414,000 after buying an additional 82,254 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Helmerich & Payne by 9.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,270,321 shares of the oil and gas company's stock worth $40,676,000 after buying an additional 109,035 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Helmerich & Payne during the fourth quarter worth $28,708,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, June 20th. Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Citigroup restated a "neutral" rating and issued a $17.00 target price (down previously from $19.00) on shares of Helmerich & Payne in a research note on Thursday, June 26th. Morgan Stanley reduced their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.09.

Helmerich & Payne Stock Down 0.1%

Shares of NYSE HP opened at $17.20 on Friday. The firm's 50-day simple moving average is $16.97 and its 200 day simple moving average is $23.46. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 7.85 and a beta of 0.82. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. The firm's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. On average, research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share 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. Investors of record on Friday, August 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 5.81%. Helmerich & Payne's dividend payout ratio (DPR) is 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.

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