Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 88.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,414 shares of the oil and gas company’s stock after selling 62,537 shares during the period. Assenagon Asset Management S.A.’s holdings in Helmerich & Payne were worth $269,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 worth $10,604,000 after acquiring an additional 322,578 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Helmerich & Payne by 18.0% during the third quarter. The Manufacturers Life Insurance Company now owns 1,161,286 shares of the oil and gas company’s stock worth $35,326,000 after purchasing an additional 177,023 shares in the last quarter. Barclays PLC lifted its position in shares of Helmerich & Payne by 320.2% during the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock worth $6,035,000 after buying an additional 151,196 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in shares of Helmerich & Payne by 18.7% in 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 buying an additional 138,590 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Helmerich & Payne by 116.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 242,515 shares of the oil and gas company’s stock valued at $7,377,000 after buying an additional 130,455 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HP. Barclays reduced their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Royal Bank of Canada cut their target price on shares of 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, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.50.

Helmerich & Payne Stock Down 1.7 %

Shares of Helmerich & Payne stock opened at $34.73 on Friday. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 4.45 and a beta of 1.39. 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 business’s 50 day simple moving average is $33.73 and its 200-day simple moving average is $34.20.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share 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 the consensus estimate of $695.99 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Helmerich & Payne, Inc. will post 3.06 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.88%. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

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.