Mirae Asset Global Investments Has Trimmed By $469,224 Its Hdfc Bank LTD (HDB) Holding; Helmerich & Payne (HP)’s Sentiment Is 0.93

June 17, 2018 - By Peter Erickson

HDFC Bank Limited (NYSE:HDB) Logo

Mirae Asset Global Investments decreased Hdfc Bank Ltd (HDB) stake by 19.64% reported in 2018Q1 SEC filing. Mirae Asset Global Investments sold 4,788 shares as Hdfc Bank Ltd (HDB)’s stock declined 3.14%. The Mirae Asset Global Investments holds 19,594 shares with $1.94 million value, down from 24,382 last quarter. Hdfc Bank Ltd now has $77.03 billion valuation. The stock increased 0.38% or $0.39 during the last trading session, reaching $101.96. About 543,084 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 11.82% since June 17, 2017 and is uptrending. It has underperformed by 0.75% the S&P500. Some Historical HDB News: ; 08/04/2018 – MEDIA-India’s HDFC in talks to buy Apollo Munich Health Insurance for about 10 bln rupees – Economic Times; 15/03/2018 – India’s HDFC Asset Management Co files for IPO; 08/03/2018 – HDFC BANK IS SAID TO ALSO CHOOSE EDELWEISS, IIFL, JM FINANCIAL; 13/03/2018 – STANDARD LIFE ABERDN SLA SALE OF SHRS IN HDFC AMC; 30/05/2018 – HDFC Earnings Likely to Get a Boost on India’s Urbanization Push; 19/03/2018 – CORRECT: BARINGS, HDFC FINAL BIDDERS FOR CAN FIN HOMES: TOI; 23/04/2018 – Mumbai Bourse: Hdfc Bank Ltd. – Disclosure As Per Regulation 52(4) & 52(5); 15/03/2018 – HDFC ASSET MANAGEMENT COMPANY LIMITED FILES FOR IPO; 30/04/2018 – HDFC APPROVES RAISING BORROWING POWERS UP TO 5T RUPEES; 21/04/2018 – HDFC BANK GROSS NPA 1.3% END MARCH VS 1.29% END DECEMBER

Helmerich & Payne Inc (HP) investors sentiment decreased to 0.93 in 2018 Q1. It’s down -0.03, from 0.96 in 2017Q4. The ratio dropped, as 190 hedge funds increased or opened new equity positions, while 205 decreased and sold their stock positions in Helmerich & Payne Inc. The hedge funds in our database now possess: 101.56 million shares, down from 112.80 million shares in 2017Q4. Also, the number of hedge funds holding Helmerich & Payne Inc in top ten equity positions increased from 7 to 8 for an increase of 1. Sold All: 37 Reduced: 168 Increased: 115 New Position: 75.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on July, 26. They expect $0.03 EPS, up 116.67% or $0.21 from last year’s $-0.18 per share. HP’s profit will be $3.27 million for 526.75 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

The stock decreased 2.71% or $1.76 during the last trading session, reaching $63.21. About 1.78M shares traded or 34.68% up from the average. Helmerich & Payne, Inc. (HP) has risen 23.74% since June 17, 2017 and is uptrending. It has outperformed by 11.17% the S&P500. Some Historical HP News: ; 27/03/2018 – Helmerich & Payne Prior FY18 Capital Spending View Was $350M-$400M; 27/03/2018 – Helmerich & Payne: Still Seeing Additional Demand for Super-Spec Rigs; 05/04/2018 – Helmerich & Payne Names Mark Smith CFO Designate, Effective May 1; 05/04/2018 – HELMERICH & PAYNE NAMES MARK W. SMITH AS CFO DESIGNATE; 26/04/2018 – Helmerich & Payne 2Q Loss/Shr 12c; 26/04/2018 – Helmerich & Payne 2Q Rev $577.5M; 26/04/2018 – HELMERICH AND PAYNE INC QTRLY REV $577.5 MLN VS $405.3 MLN; 26/04/2018 – Helmerich & Payne Now Sees FY18 Depreciation of Approximately $585M; 26/04/2018 – Helmerich & Payne Sees 3Q U.S. Land Quarterly Rev Days up by Approximately 7%; 28/03/2018 – HELMERICH INCREASED FISCAL ’18 CAPEX TO RANGE $400M TO $450M

Ratings analysis reveals 29% of Helmerich & Payne’s analysts are positive. Out of 7 Wall Street analysts rating Helmerich & Payne, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $77.0 while the high is $94.0. The stock’s average target of $85.50 is 35.26% above today’s ($63.21) share price. HP was included in 7 notes of analysts from September 6, 2016. Bank of America downgraded the stock to “Neutral” rating in Thursday, December 8 report. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Neutral” rating given on Thursday, December 1 by Seaport Global Securities. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, December 16 report. On Wednesday, January 18 the stock rating was initiated by SunTrust with “Buy”. The stock has “Buy” rating by Argus Research on Thursday, September 15. The firm earned “Mkt Perform” rating on Friday, December 2 by Bernstein. As per Tuesday, September 6, the company rating was upgraded by Morgan Stanley.

Helmerich & Payne, Inc. engages in the contract drilling of gas and oil wells. The company has market cap of $6.88 billion. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop gas and oil from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. It has a 15.72 P/E ratio. The firm operates through three divisions: U.S.

Since January 1, 0001, it had 0 insider buys, and 4 sales for $5.10 million activity.

Another recent and important Helmerich & Payne, Inc. (NYSE:HP) news was published by Seekingalpha.com which published an article titled: “Nvidia: The Rally Might Just Be Getting Started” on June 17, 2018.

Arosa Capital Management Lp holds 6.53% of its portfolio in Helmerich & Payne, Inc. for 706,472 shares. Oppenheimer & Close Llc owns 92,653 shares or 5.88% of their US portfolio. Moreover, Energy Opportunities Capital Management Llc has 4.54% invested in the company for 85,248 shares. The California-based Beddow Capital Management Inc has invested 3.98% in the stock. Grace & White Inc Ny, a New York-based fund reported 198,637 shares.

Mirae Asset Global Investments increased Caterpillar Inc Del (NYSE:CAT) stake by 3,315 shares to 41,668 valued at $6.14M in 2018Q1. It also upped Spdr Ser Tr stake by 6,760 shares and now owns 23,330 shares. Chevron Corp New (NYSE:CVX) was raised too.

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Tuesday, March 21 by Morgan Stanley. The stock of HDFC Bank Limited (NYSE:HDB) earned “Hold” rating by Zacks on Monday, September 21. The stock has “Hold” rating by Zacks on Thursday, August 27. The stock of HDFC Bank Limited (NYSE:HDB) has “Sell” rating given on Wednesday, September 2 by Zacks. The stock of HDFC Bank Limited (NYSE:HDB) earned “Buy” rating by Goldman Sachs on Wednesday, September 14.

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

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