Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 18.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,600 shares of the oil and gas company’s stock after selling 5,800 shares during the period. Strs Ohio’s holdings in Helmerich & Payne were worth $927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Earnest Partners LLC grew its holdings in Helmerich & Payne by 4.0% during the third quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock worth $123,508,000 after acquiring an additional 113,735 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Helmerich & Payne by 130.8% during the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after purchasing an additional 1,541,987 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Helmerich & Payne by 13,372.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock valued at $101,958,000 after purchasing an additional 2,400,414 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Helmerich & Payne by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after purchasing an additional 34,863 shares during the period. Finally, Invesco Ltd. grew its position in Helmerich & Payne by 10.7% during the third quarter. Invesco Ltd. now owns 1,970,140 shares of the oil and gas company’s stock valued at $83,061,000 after buying an additional 190,134 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HP shares. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday, January 12th. Royal Bank of Canada raised their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Barclays downgraded Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $44.00 to $40.00 in a research note on Wednesday, January 10th. Susquehanna lifted their price target on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Finally, Benchmark cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.88.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $42.42 on Thursday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. Helmerich & Payne, Inc. has a 52 week low of $30.41 and a 52 week high of $46.55. The firm has a 50-day simple moving average of $40.71 and a 200-day simple moving average of $38.70. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.24. The company had revenue of $677.00 million during the quarter, compared to the consensus estimate of $661.81 million. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. Helmerich & Payne’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, equities analysts predict that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 3.96%. Helmerich & Payne’s dividend payout ratio (DPR) is 23.87%.

Helmerich & Payne 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.