Charles Schwab Investment Management Inc. Buys 49,982 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Charles Schwab Investment Management Inc. increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,504,654 shares of the oil and gas company’s stock after acquiring an additional 49,982 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.52% of Helmerich & Payne worth $45,772,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in Helmerich & Payne by 16.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 10,374 shares of the oil and gas company’s stock valued at $316,000 after purchasing an additional 1,454 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Helmerich & Payne by 45.0% during the third quarter. Intech Investment Management LLC now owns 31,345 shares of the oil and gas company’s stock worth $954,000 after acquiring an additional 9,729 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Helmerich & Payne in the 3rd quarter worth about $106,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Helmerich & Payne by 1,241.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock valued at $10,604,000 after purchasing an additional 322,578 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in Helmerich & Payne by 18.7% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 880,781 shares of the oil and gas company’s stock valued at $26,793,000 after purchasing an additional 138,590 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HP. Royal Bank of Canada dropped their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. 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. Citigroup dropped their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Barclays dropped their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Trading Down 0.7 %

NYSE:HP opened at $34.63 on Monday. The company has a market cap of $3.42 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 4.12 and a beta of 1.40. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $34.16 and a two-hundred day simple moving average of $34.86. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11.

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

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 29.07%.

Helmerich & Payne 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.