Creative Planning Boosts Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Creative Planning raised its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,656 shares of the oil and gas company’s stock after buying an additional 2,774 shares during the quarter. Creative Planning’s holdings in Helmerich & Payne were worth $720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd purchased a new stake in Helmerich & Payne in the 1st quarter valued at about $1,065,000. Russell Investments Group Ltd. grew its holdings in Helmerich & Payne by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company’s stock valued at $6,436,000 after buying an additional 14,347 shares during the period. Wedge Capital Management L L P NC grew its holdings in Helmerich & Payne by 13.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 188,402 shares of the oil and gas company’s stock valued at $6,809,000 after buying an additional 21,852 shares during the period. Caxton Associates LP acquired a new position in shares of Helmerich & Payne in the 1st quarter valued at about $642,000. Finally, LSV Asset Management lifted its stake in shares of Helmerich & Payne by 37.9% in the 1st quarter. LSV Asset Management now owns 784,139 shares of the oil and gas company’s stock valued at $32,981,000 after purchasing an additional 215,339 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HP. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Barclays reduced their price target on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada boosted their price target on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, Piper Sandler reduced their price target on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and an average target price of $40.29.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $32.93 on Monday. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 3.56 and a beta of 1.40. The business has a 50 day simple moving average of $32.83 and a 200-day simple moving average of $35.54.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. Helmerich & Payne’s payout ratio is currently 28.99%.

Helmerich & Payne Company Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.