National Investment Services Inc Wi buys $3,051,361 stake in Helmerich & Payne (HP)

Helmerich & Payne (HP) : National Investment Services Inc Wi scooped up 2,519 additional shares in Helmerich & Payne during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 47,618 shares of Helmerich & Payne which is valued at $3,051,361.Helmerich & Payne makes up approximately 3.42% of National Investment Services Inc Wi’s portfolio.

Helmerich & Payne opened for trading at $63.74 and hit $65.55 on the upside on Friday, eventually ending the session at $64.08, with a gain of 0.58% or 0.37 points. The heightened volatility saw the trading volume jump to 26,48,315 shares. Company has a market cap of $6,921 M.

Other Hedge Funds, Including , Murphy Capital Management Inc reduced its stake in HP by selling 1,350 shares or 23.68% in the most recent quarter. The Hedge Fund company now holds 4,350 shares of HP which is valued at $278,748. Helmerich & Payne makes up approx 0.04% of Murphy Capital Management Inc’s portfolio.Kanaly Trust Co boosted its stake in HP in the latest quarter, The investment management firm added 109 additional shares and now holds a total of 255 shares of Helmerich & Payne which is valued at $14,831.Capital Impact Advisors boosted its stake in HP in the latest quarter, The investment management firm added 1,080 additional shares and now holds a total of 24,691 shares of Helmerich & Payne which is valued at $1,436,029. Helmerich & Payne makes up approx 0.68% of Capital Impact Advisors’s portfolio.Independent Portfolio Consultants boosted its stake in HP in the latest quarter, The investment management firm added 1,080 additional shares and now holds a total of 1,650 shares of Helmerich & Payne which is valued at $95,964. Helmerich & Payne makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Waverton Investment Management Ltd reduced its stake in HP by selling 22,415 shares or 13.75% in the most recent quarter. The Hedge Fund company now holds 140,565 shares of HP which is valued at $8,138,714. Helmerich & Payne makes up approx 0.62% of Waverton Investment Management Ltd’s portfolio.

On the company’s financial health, Helmerich & Payne reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $-0.07. The company had revenue of $487.85 million for the quarter, compared to analysts expectations of $463.31 million. The company’s revenue was down -54.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.87 EPS.

Many Wall Street Analysts have commented on Helmerich & Payne. Helmerich & Payne was Downgraded by JP Morgan to ” Underweight” on Apr 15, 2016. Helmerich & Payne was Initiated by Nomura to “Buy” on Apr 8, 2016. Helmerich & Payne was Downgraded by Morgan Stanley to ” Underweight” on Mar 17, 2016.

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.

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