Thrivent Financial for Lutherans Sells 121,429 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Thrivent Financial for Lutherans decreased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 61.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,551 shares of the oil and gas company’s stock after selling 121,429 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Helmerich & Payne worth $2,359,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D increased its holdings in shares of Helmerich & Payne by 18.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company’s stock worth $1,784,000 after buying an additional 9,004 shares during the period. Wedge Capital Management L L P NC increased its holdings in Helmerich & Payne by 13.1% during 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 purchasing an additional 21,852 shares during the period. William B. Walkup & Associates Inc. purchased a new position in Helmerich & Payne during the 2nd quarter valued at about $1,274,000. Canada Pension Plan Investment Board increased its holdings in Helmerich & Payne by 120.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock valued at $13,267,000 after purchasing an additional 200,700 shares during the period. Finally, Sei Investments Co. increased its holdings in Helmerich & Payne by 88.1% during the 2nd quarter. Sei Investments Co. now owns 53,124 shares of the oil and gas company’s stock valued at $1,920,000 after purchasing an additional 24,875 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 1.3 %

HP opened at $34.86 on Thursday. The firm has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $34.92. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week high of $44.11. The company has a market capitalization of $3.44 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.19 and a beta of 1.40. 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 (NYSE:HP) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The company had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. Helmerich & Payne’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. Analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Helmerich & Payne’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

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

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.