Letko Brosseau & Associates Has Upped Its Position in Bank N S Halifax (BNS) by $3.11 Million as Market Value Declined; Visionary Asset Management Cut Holding in Helmerich & Payne (HP) as Stock Declined

Helmerich & Payne, Inc. (NYSE:HP) Logo

Visionary Asset Management Inc decreased its stake in Helmerich & Payne Inc (HP) by 12.25% based on its latest 2018Q3 regulatory filing with the SEC. Visionary Asset Management Inc sold 5,731 shares as the company’s stock declined 6.55% with the market. The institutional investor held 41,070 shares of the energy company at the end of 2018Q3, valued at $2.82M, down from 46,801 at the end of the previous reported quarter. Visionary Asset Management Inc who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $5.83 billion market cap company. The stock decreased 1.00% or $0.54 during the last trading session, reaching $53.43. About 998,778 shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 3.48% since January 12, 2018 and is uptrending. It has outperformed by 3.48% the S&P500. Some Historical HP News: 26/04/2018 – HELMERICH & PAYNE EARNINGS CONFERENCE CALL BEGINS; 19/04/2018 – HP WAS INTERESTED IN REVERSE MORRIS TRUST WITH XEROX: LAWSUIT; 05/04/2018 – Helmerich & Payne, Inc. Announces Appointment of New Officer; 27/03/2018 – Helmerich & Payne: Higher Oil Prices Bode Well for Increasing Drilling Demand, Continuing Dayrate Improvement; 26/04/2018 – Helmerich & Payne 2Q Rev $577.5M; 26/04/2018 – Helmerich & Payne Sees 3Q U.S. Land Quarterly Rev Days up by Approximately 7%; 26/04/2018 – Helmerich & Payne 2Q Loss/Shr 12c; 01/05/2018 – @WSJ Good, but this doesn’t really exculpate former $HP board and management from moral responsibility for billions of dollars of value destruction via Autonomy. They were some combination of lazy, greedy, and incompetent; 26/04/2018 – Helmerich & Payne Expect Increases in Avg Dayrates for Co’s Rigs in U.S. Land Spot Market to Accelerate in Next Few Mos; 14/05/2018 – Kiltearn Partners LLP Exits Position in Helmerich & Payne

Letko Brosseau & Associates Inc increased its stake in Bank N S Halifax (BNS) by 0.75% based on its latest 2018Q3 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 52,747 shares as the company’s stock declined 5.88% with the market. The institutional investor held 7.13M shares of the major banks company at the end of 2018Q3, valued at $424.50 million, up from 7.07M at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Bank N S Halifax for a number of months, seems to be bullish on the $65.96B market cap company. It closed at $53.77 lastly. It is down 16.84% since January 12, 2018 and is downtrending. It has underperformed by 16.84% the S&P500. Some Historical BNS News: 29/05/2018 – Bank of Nova Scotia 2Q Net Interest Income C$3.95B; 10/04/2018 – SCOTIABANK CEO SAYS BANK HAS MADE A NUMBER OF CHANGES TO SALES PRACTICES IN WAKE OF FCAC INVESTIGATION; 10/04/2018 – SCOTIABANK PLANS TO IMPLEMENT FCAC REPORT RECOMMENDATIONS: CEO; 29/05/2018 – BANK OF NOVA SCOTIA 2Q CET1 RATIO 12%, EST. 11.7%; 10/04/2018 – SCOTIABANK CEO SAYS BANK HAS HELPED FACILITATE MEETINGS BETWEEN PRIVATE, PUBLIC SECTOR LEADERS IN MEXICO AND CANADA ABOUT NAFTA; 10/04/2018 – Scotiabank CEO Addresses Shareholders And Promotes Employee Development In His Address At The Scotiabank Annual Meeting Of Shareholders; 21/03/2018 – SCOTIABANK CEO ‘STILL DOING HOMEWORK’ ON BANKING POT COMPANIES; 10/04/2018 – BANK OF NOVA SCOTIA ANNUAL INVESTOR MEETING BEGINS IN TORONTO; 29/05/2018 – Scotiabank second-quarter earnings beat market expectations; 29/05/2018 – Scotiabank Extends Record Streak in International Banking

Letko Brosseau & Associates Inc, which manages about $24.00B and $10.76 billion US Long portfolio, decreased its stake in Conocophillips (NYSE:COP) by 88,360 shares to 2.42 million shares, valued at $187.61 million in 2018Q3, according to the filing. It also reduced its holding in State Str Corp (NYSE:STT) by 33,070 shares in the quarter, leaving it with 1.25M shares, and cut its stake in Eastman Chem Co (NYSE:EMN).

Among 11 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. The Bank Of Nova Scotia had 24 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of BNS in report on Tuesday, May 23 to “Overweight” rating. The stock has “Neutral” rating by Macquarie Research on Thursday, June 9. The firm earned “Buy” rating on Friday, August 28 by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 29. As per Tuesday, June 5, the company rating was downgraded by Bank of America. The rating was maintained by IBC on Tuesday, November 27 with “Buy”. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Outperform” rating given on Wednesday, December 2 by RBC Capital Markets. As per Monday, August 31, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 31 report. The rating was initiated by Dundee Securities with “Buy” on Wednesday, September 21.

More notable recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “Should You Be Stacking Scotiabank (TSX:BNS) Stock Right Now? – The Motley Fool Canada” on December 20, 2018, also Fool.ca with their article: “Better Dividend Stock: Bank of Nova Scotia (TSX:BNS) or Bank of Montreal (TSX:BMO)? – The Motley Fool Canada” published on December 14, 2018, Seekingalpha.com published: “Bank of Nova Scotia declares C$0.85 dividend – Seeking Alpha” on August 28, 2018. More interesting news about The Bank of Nova Scotia (NYSE:BNS) were released by: Fool.ca and their article: “These 2 Banks Have Hit a Remarkable Buy Point – The Motley Fool Canada” published on January 08, 2019 as well as Seekingalpha.com‘s news article titled: “This Is The Best Big 5 Bank To Buy Today – Seeking Alpha” with publication date: September 20, 2018.

Since September 14, 2018, it had 0 insider buys, and 4 insider sales for $4.03 million activity. Shares for $782,168 were sold by Bell John R.. Another trade for 11,309 shares valued at $736,573 was sold by MARSHALL CHAPMAN PAULA. 6,912 shares were sold by Lennox Michael, worth $415,268 on Tuesday, December 11.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 24. They expect $0.30 EPS, up 1,600.00% or $0.32 from last year’s $-0.02 per share. HP’s profit will be $32.71M for 44.53 P/E if the $0.30 EPS becomes a reality. After $0.19 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 57.89% EPS growth.

Among 37 analysts covering Helmerich & Payne (NYSE:HP), 15 have Buy rating, 4 Sell and 18 Hold. Therefore 41% are positive. Helmerich & Payne had 149 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, November 16 by Cowen & Co. The rating was downgraded by Jefferies on Friday, September 11 to “Underperform”. Scotia Capital downgraded the shares of HP in report on Tuesday, May 3 to “Sector Perform” rating. The stock has “Sector Perform” rating by Iberia Capital Partners on Tuesday, December 15. The stock has “Buy” rating by Guggenheim on Monday, November 30. The firm has “Market Perform” rating by Bernstein given on Monday, January 29. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, November 17. Cowen & Co maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Tuesday, May 3. Cowen & Co has “Market Perform” rating and $58 target. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Neutral” rating by JP Morgan on Wednesday, December 12. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Hold” rating given on Wednesday, October 18 by Cowen & Co.

Investors sentiment decreased to 0.95 in 2018 Q3. Its down 0.12, from 1.07 in 2018Q2. It turned negative, as 31 investors sold HP shares while 164 reduced holdings. 66 funds opened positions while 119 raised stakes. 95.20 million shares or 2.06% less from 97.20 million shares in 2018Q2 were reported. Csat Inv Advisory LP has invested 0.02% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Paloma Prtn Management Communications holds 27,097 shares or 0.03% of its portfolio. The Alabama-based Retirement Of Alabama has invested 0.02% in Helmerich & Payne, Inc. (NYSE:HP). Liberty Mutual Grp Inc Asset invested in 0.01% or 4,352 shares. Fairfax Fincl Can has invested 1% in Helmerich & Payne, Inc. (NYSE:HP). Fifth Third Bank has 0% invested in Helmerich & Payne, Inc. (NYSE:HP). Farr Miller And Washington Ltd Dc owns 3,232 shares or 0.02% of their US portfolio. Element Capital Management Ltd Com holds 0.11% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 81,919 shares. British Columbia Mgmt Corporation has 0.06% invested in Helmerich & Payne, Inc. (NYSE:HP). Susquehanna Gp Llp owns 16,013 shares or 0% of their US portfolio. Ameritas Ptnrs Inc reported 1,982 shares stake. 308 are held by Guardian Life Insurance Com Of America. California State Teachers Retirement Systems reported 201,401 shares stake. California Pub Employees Retirement accumulated 0.03% or 370,430 shares. Mufg Americas Corp reported 0% stake.

More important recent Helmerich & Payne, Inc. (NYSE:HP) news were published by: Benzinga.com which released: “Raymond James: Hewlett Packard Enterprise Is A Nimbler, More Focused Company (NYSE:HPE) – Benzinga” on December 17, 2018, also Seekingalpha.com published article titled: “Reuters: IBM, HPE victims of Chinese hacking – Seeking Alpha”, Seekingalpha.com published: “HP Inc.: 2019 Will Be A Banner Year – Seeking Alpha” on January 09, 2019. More interesting news about Helmerich & Payne, Inc. (NYSE:HP) was released by: Seekingalpha.com and their article: “Reasons To Buy HP Inc. – Seeking Alpha” with publication date: January 08, 2019.

Helmerich & Payne, Inc. (NYSE:HP) Institutional Positions Chart