New York State Common Retirement Fund Has $21.68 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

New York State Common Retirement Fund lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 598,570 shares of the oil and gas company’s stock after acquiring an additional 549 shares during the quarter. New York State Common Retirement Fund’s holdings in Helmerich & Payne were worth $21,680,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management bought a new stake in Helmerich & Payne in the third quarter valued at approximately $202,000. AlphaMark Advisors LLC raised its holdings in Helmerich & Payne by 5.8% during the 4th quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $230,000 after purchasing an additional 346 shares during the last quarter. Cottage Street Advisors LLC acquired a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $236,000. Advisor Partners II LLC bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at $251,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Helmerich & Payne by 8.1% during the third quarter. Sequoia Financial Advisors LLC now owns 6,531 shares of the oil and gas company’s stock worth $275,000 after buying an additional 489 shares during the period. Institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

HP has been the topic of several recent analyst reports. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday. The Goldman Sachs Group dropped their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday, January 12th. Susquehanna decreased their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research note on Friday. Citigroup boosted their price target on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada increased their price target on Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.63.

Helmerich & Payne Trading Down 0.1 %

NYSE HP opened at $40.39 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 52 week low of $30.41 and a 52 week high of $46.55. The business has a 50 day moving average price of $40.75 and a 200-day moving average price of $38.69. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.93 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results 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. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $661.81 million. During the same quarter in the previous year, the business posted $1.11 EPS. Helmerich & Payne’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.42 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. Helmerich & Payne’s dividend payout ratio is presently 28.57%.

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.