UMB Bank n.a. Decreases Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

UMB Bank n.a. trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 54.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,098 shares of the oil and gas company’s stock after selling 1,339 shares during the quarter. UMB Bank n.a.’s holdings in Helmerich & Payne were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 643 shares during the period. Blue Trust Inc. raised its position in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the period. Quarry LP purchased a new position in shares of Helmerich & Payne during the 3rd quarter worth $48,000. Eastern Bank purchased a new stake in shares of Helmerich & Payne in the 3rd quarter worth $61,000. Finally, Steph & Co. purchased a new position in Helmerich & Payne during the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HP shares. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Royal Bank of Canada lowered their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Barclays dropped their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.50.

Helmerich & Payne Stock Down 1.7 %

Shares of HP opened at $34.73 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11. The company has a market cap of $3.43 billion, a PE ratio of 10.09, a P/E/G ratio of 4.45 and a beta of 1.39. The business has a fifty day moving average of $33.73 and a 200 day moving average of $34.20.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Helmerich & Payne, Inc. will post 3.06 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, February 14th. 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.