Natixis Advisors LLC Trims Stake in Helmerich & Payne, Inc. (NYSE:HP)

Natixis Advisors LLC lowered its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 15.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,369 shares of the oil and gas company’s stock after selling 3,813 shares during the period. Natixis Advisors LLC’s holdings in Helmerich & Payne were worth $650,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Covestor Ltd grew its position in Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 643 shares in the last quarter. Blue Trust Inc. lifted its stake in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares in the last quarter. Eastern Bank bought a new position in shares of Helmerich & Payne during the 3rd quarter valued at about $61,000. Finally, KBC Group NV raised its holdings in shares of Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 529 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 1.3 %

Shares of NYSE:HP opened at $34.86 on Thursday. The stock’s 50-day moving average is $33.99 and its 200 day moving average is $34.92. The company has a market cap of $3.44 billion, a PE ratio of 10.17, a P/E/G ratio of 4.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.21 EPS for the current year.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. Helmerich & Payne’s dividend payout ratio is 29.07%.

Wall Street Analysts Forecast Growth

HP has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Barclays decreased their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Citigroup cut their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Royal Bank of Canada dropped their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.57.

About Helmerich & Payne

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.