Huntington National Bank maintained its stake in shares of Helmerich & Payne Inc. (NYSE:HP) during the second quarter, Holdings Channel reports. The firm owned 3,600 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Helmerich & Payne were worth $245,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. raised its stake in shares of Helmerich & Payne by 7.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,775 shares of the company’s stock valued at $119,000 after buying an additional 125 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Helmerich & Payne by 1.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,849 shares of the company’s stock valued at $124,000 after buying an additional 33 shares during the period. Nikko Asset Management Americas Inc. purchased a new stake in shares of Helmerich & Payne during the second quarter valued at approximately $146,000. Invictus RG purchased a new stake in shares of Helmerich & Payne during the first quarter valued at approximately $153,000. Finally, Destination Wealth Management purchased a new stake in shares of Helmerich & Payne during the second quarter valued at approximately $201,000.
Helmerich & Payne Inc. (NYSE:HP) traded up 3.13% during midday trading on Friday, reaching $67.30. 3,040,387 shares of the company traded hands. Helmerich & Payne Inc. has a 12 month low of $40.02 and a 12 month high of $70.28. The firm’s market capitalization is $7.27 billion. The firm’s 50 day moving average price is $61.05 and its 200 day moving average price is $62.07.
Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $298.71 million. Helmerich & Payne had a negative net margin of 0.28% and a negative return on equity of 1.38%. The firm’s revenue for the quarter was down 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. On average, analysts expect that Helmerich & Payne Inc. will post ($1.16) earnings per share for the current year.
Several research analysts recently issued reports on HP shares. Citigroup Inc. lifted their price objective on Helmerich & Payne from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Jefferies Group restated a “sell” rating on shares of Helmerich & Payne in a research report on Tuesday, August 30th. Argus downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. KeyCorp upgraded Helmerich & Payne from a “sector weight” rating to an “overweight” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. restated a “sell” rating and set a $39.00 price objective on shares of Helmerich & Payne in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.79.
In related news, insider John R. Bell sold 9,000 shares of the firm’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $66.35, for a total value of $597,150.00. Following the transaction, the insider now directly owns 45,666 shares in the company, valued at approximately $3,029,939.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.23% of the stock is currently owned by corporate insiders.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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