Crossmark Global Holdings Inc. Has $213,000 Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Crossmark Global Holdings Inc. trimmed its stake in Helmerich & Payne, Inc. (NYSE:HP) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,002 shares of the oil and gas company’s stock after selling 389 shares during the period. Crossmark Global Holdings Inc.’s holdings in Helmerich & Payne were worth $213,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Covestor Ltd lifted its position in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 643 shares during the period. Philip James Wealth Mangement LLC bought a new stake in Helmerich & Payne during the third quarter valued at $251,000. Kornitzer Capital Management Inc. KS grew its holdings in Helmerich & Payne by 9.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 371,510 shares of the oil and gas company’s stock worth $11,301,000 after acquiring an additional 32,935 shares during the period. Radnor Capital Management LLC bought a new position in shares of Helmerich & Payne in the 3rd quarter worth about $1,325,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Helmerich & Payne in the 3rd quarter worth about $268,000. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Up 0.1 %

Shares of NYSE HP opened at $33.62 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.87. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. The stock has a market capitalization of $3.32 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.59 and a beta of 1.40. The company has a 50-day moving average price of $33.53 and a 200-day moving average price of $35.09.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 3.57 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

Several research firms recently commented on HP. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. The Goldman Sachs Group reduced their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Barclays dropped their target price on shares of 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. Citigroup reduced their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Finally, Royal Bank of Canada dropped their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.00.

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.