Helmerich & Payne, Inc. (NYSE:HP) Stock Position Reduced by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 36.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,695 shares of the oil and gas company’s stock after selling 3,214 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Helmerich & Payne were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Helmerich & Payne by 6.7% in the 1st quarter. State Street Corp now owns 4,281,289 shares of the oil and gas company’s stock worth $183,154,000 after purchasing an additional 267,025 shares during the last quarter. Northern Trust Corp lifted its position in shares of Helmerich & Payne by 2.0% in the first quarter. Northern Trust Corp now owns 1,511,827 shares of the oil and gas company’s stock worth $64,676,000 after purchasing an additional 29,406 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Helmerich & Payne by 12.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,320,020 shares of the oil and gas company’s stock valued at $56,840,000 after acquiring an additional 146,055 shares in the last quarter. Capital Research Global Investors increased its position in Helmerich & Payne by 83.1% in the 1st quarter. Capital Research Global Investors now owns 1,278,249 shares of the oil and gas company’s stock worth $54,683,000 after purchasing an additional 579,949 shares during the last quarter. Finally, Invesco Ltd. grew its position in Helmerich & Payne by 157.8% in the first quarter. Invesco Ltd. now owns 1,254,467 shares of the oil and gas company’s stock worth $53,667,000 after acquiring an additional 767,791 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on HP. Royal Bank of Canada increased their price objective on Helmerich & Payne from $63.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, November 18th. Susquehanna increased their price target on shares of Helmerich & Payne from $62.00 to $65.00 and gave the company a “positive” rating in a research note on Friday, November 18th. Susquehanna Bancshares boosted their price objective on Helmerich & Payne from $62.00 to $65.00 and gave the stock a “positive” rating in a report on Friday, November 18th. Evercore ISI raised their price target on Helmerich & Payne to $67.00 in a research report on Monday, November 21st. Finally, TheStreet lowered Helmerich & Payne from a “b-” rating to a “c+” rating in a research note on Tuesday, December 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Helmerich & Payne currently has an average rating of “Moderate Buy” and a consensus target price of $60.55.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $50.64 on Monday. The company has a fifty day moving average price of $49.20 and a 200 day moving average price of $45.10. The firm has a market cap of $5.34 billion, a PE ratio of 1,013.00 and a beta of 1.70. The company has a current ratio of 2.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.20. Helmerich & Payne, Inc. has a 1-year low of $25.56 and a 1-year high of $54.59.

Helmerich & Payne (NYSE:HPGet Rating) last posted its quarterly earnings data on Wednesday, November 16th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $631.33 million for the quarter, compared to the consensus estimate of $597.29 million. Helmerich & Payne had a net margin of 0.34% and a return on equity of 0.45%. During the same period last year, the company earned ($0.62) earnings per share. The firm’s revenue was up 83.6% compared to the same quarter last year. Research analysts predict that Helmerich & Payne, Inc. will post 4.47 earnings per share for the current fiscal year.

Helmerich & Payne Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th will be paid a dividend of $0.485 per share. This is an increase from Helmerich & Payne’s previous quarterly dividend of $0.25. This represents a $1.94 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, February 13th. Helmerich & Payne’s payout ratio is currently 2,000.40%.

Insider Buying and Selling at Helmerich & Payne

In related news, SVP John R. Bell sold 4,314 shares of Helmerich & Payne stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total transaction of $215,700.00. Following the completion of the sale, the senior vice president now directly owns 117,395 shares of the company’s stock, valued at approximately $5,869,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.35% of the company’s stock.

Helmerich & Payne Profile

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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.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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