Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 29.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,437 shares of the oil and gas company’s stock after selling 10,870 shares during the period. HighTower Advisors LLC’s holdings in Helmerich & Payne were worth $805,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of Helmerich & Payne by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after buying an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after acquiring an additional 513 shares during the period. KBC Group NV raised its position in Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after acquiring an additional 529 shares in the last quarter. Covestor Ltd raised 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. Finally, Headlands Technologies LLC lifted its holdings in Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 757 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $30.61 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The business’s fifty day moving average price is $34.49 and its two-hundred day moving average price is $34.50. The stock has a market cap of $3.02 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 4.21 and a beta of 1.39. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. During the same quarter last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts forecast that Helmerich & Payne, Inc. will post 3.12 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

HP has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a 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 for the company in a report on Friday, September 13th. Barclays decreased their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada lowered their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.