KBC Group NV Has $157,000 Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

KBC Group NV raised its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,899 shares of the oil and gas company’s stock after buying an additional 1,769 shares during the quarter. KBC Group NV’s holdings in Helmerich & Payne were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after buying an additional 34,395 shares during the period. Geode Capital Management LLC increased its holdings in shares of Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after acquiring an additional 22,875 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Helmerich & Payne by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company’s stock worth $45,772,000 after purchasing an additional 49,982 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Helmerich & Payne by 18.0% in the 3rd 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. Finally, Global Alpha Capital Management Ltd. grew its position in 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 purchasing an additional 138,590 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Barclays lowered their price objective 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, Royal Bank of Canada cut their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.50.

Helmerich & Payne Stock Performance

HP stock opened at $27.85 on Friday. The business has a 50 day moving average of $33.27 and a 200-day moving average of $33.81. The firm has a market cap of $2.80 billion, a PE ratio of 8.10, a P/E/G ratio of 3.88 and a beta of 1.37. Helmerich & Payne, Inc. has a 12-month low of $27.56 and a 12-month high of $44.11. 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 announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. As a group, sell-side analysts expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is 29.07%.

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.