Northern Trust Corp Has $54.41 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Northern Trust Corp increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,699,388 shares of the oil and gas company's stock after purchasing an additional 82,254 shares during the quarter. Northern Trust Corp owned approximately 1.71% of Helmerich & Payne worth $54,414,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new stake in Helmerich & Payne in the fourth quarter valued at $27,000. Covestor Ltd increased its position in Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after buying an additional 907 shares during the last quarter. Steph & Co. acquired a new position in Helmerich & Payne during the fourth quarter worth approximately $87,000. Smartleaf Asset Management LLC increased its position in Helmerich & Payne by 82.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock worth $88,000 after buying an additional 1,268 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in Helmerich & Payne by 817.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock worth $98,000 after buying an additional 2,714 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HP shares. Argus raised Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Friday. Susquehanna dropped their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Evercore ISI reissued an "in-line" rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.20.

Helmerich & Payne Price Performance

Helmerich & Payne stock traded down $0.04 during trading hours on Tuesday, reaching $19.23. 542,438 shares of the stock were exchanged, compared to its average volume of 1,544,388. The company has a market cap of $1.91 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a twelve month low of $17.60 and a twelve month high of $42.60. The stock has a 50 day moving average of $22.08 and a two-hundred day moving average of $28.69.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The firm 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 11.31% and a net margin of 11.02%. The company's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Equities analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.20%. Helmerich & Payne's payout ratio 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.