Helmerich & Payne (HP) : First Mercantile Trust Co scooped up 3,645 additional shares in Helmerich & Payne during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 19,690 shares of Helmerich & Payne which is valued at $1,350,340.Helmerich & Payne makes up approximately 0.18% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in HP by selling 1,289 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 192,092 shares of HP which is valued at $13,173,669. Helmerich & Payne makes up approx 1.11% of Arvest Bank Trust Division’s portfolio.Chevy Chase Trust Holdings reduced its stake in HP by selling 1,924 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 92,530 shares of HP which is valued at $6,354,960. Helmerich & Payne makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HP by selling 100 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 39,050 shares of HP which is valued at $2,681,954. Helmerich & Payne makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants reduced its stake in HP by selling 1,625 shares or 91.55% in the most recent quarter. The Hedge Fund company now holds 150 shares of HP which is valued at $10,302.Ct Mason boosted its stake in HP in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 95,701 shares of Helmerich & Payne which is valued at $6,572,745. Helmerich & Payne makes up approx 2.91% of Ct Mason’s portfolio.
Helmerich & Payne closed down -0.56 points or -0.81% at $68.58 with 17,57,705 shares getting traded on Friday. Post opening the session at $69.41, the shares hit an intraday low of $68.29 and an intraday high of $69.44 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Helmerich & Payne reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.46. The company had revenue of $366.50 million for the quarter, compared to analysts expectations of $308.09 million. The company’s revenue was down -44.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Helmerich & Payne. Helmerich & Payne was Upgraded by Argus to ” Buy” on Sep 15, 2016. Helmerich & Payne was Upgraded by Morgan Stanley to ” Equal-Weight” on Sep 6, 2016. Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 58 from a previous price target of $66 .
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 business segments: U.S. Land Offshore and International Land. Its U.S. Land segment operates drilling operations in Oklahoma California Texas Wyoming Colorado Louisiana Mississippi Pennsylvania Ohio Utah New Mexico Montana North Dakota West Virginia and Nevada. Its offshore operations are conducted in the Gulf of Mexico and Equatorial Guinea. Its International Land segment operates in seven international locations including Ecuador Colombia Argentina Tunisia Bahrain the United Arab Emirates and Mozambique. The Company is also engaged in the ownership development and operation of commercial real estate and the research and development of rotary steerable technology.