Amalgamated Bank Sells 1,022 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Amalgamated Bank lowered its position in Helmerich & Payne, Inc. (NYSE:HP) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,097 shares of the oil and gas company’s stock after selling 1,022 shares during the period. Amalgamated Bank’s holdings in Helmerich & Payne were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HP. American Century Companies Inc. grew its position in shares of Helmerich & Payne by 38.1% in the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after buying an additional 513,647 shares during the last quarter. Earnest Partners LLC grew its position in shares of Helmerich & Payne by 15.7% in the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after buying an additional 471,420 shares during the last quarter. LSV Asset Management grew its position in shares of Helmerich & Payne by 51.7% in the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock worth $42,982,000 after buying an additional 405,179 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Helmerich & Payne by 9.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after purchasing an additional 327,802 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Helmerich & Payne by 120.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock worth $13,267,000 after purchasing an additional 200,700 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

HP has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Barclays lowered their target price on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Royal Bank of Canada raised their price objective on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.29.

Helmerich & Payne Stock Down 6.3 %

HP stock opened at $33.93 on Friday. The firm’s fifty day moving average is $33.41 and its 200 day moving average is $35.22. The firm has a market cap of $3.35 billion, a PE ratio of 9.83, a P/E/G ratio of 3.83 and a beta of 1.40. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued 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 2.95%. Helmerich & Payne’s payout ratio is 28.99%.

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.