Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Bokf Na

Bokf Na trimmed its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 37.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the oil and gas company’s stock after selling 6,106 shares during the period. Bokf Na’s holdings in Helmerich & Payne were worth $358,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of Helmerich & Payne by 4.8% during the fourth quarter. HighTower Advisors LLC now owns 49,720 shares of the oil and gas company’s stock worth $2,462,000 after purchasing an additional 2,264 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in shares of Helmerich & Payne during the fourth quarter worth $494,000. Qsemble Capital Management LP acquired a new stake in shares of Helmerich & Payne during the fourth quarter worth $337,000. Savant Capital LLC acquired a new stake in shares of Helmerich & Payne during the first quarter worth $517,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Helmerich & Payne by 1.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,157 shares of the oil and gas company’s stock worth $685,000 after purchasing an additional 357 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

NYSE:HP opened at $41.62 on Friday. Helmerich & Payne, Inc. has a twelve month low of $30.41 and a twelve month high of $54.45. The company has a current ratio of 2.29, a quick ratio of 2.06 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $40.14 and a 200-day moving average of $37.48. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 10.92 and a beta of 1.71.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.20. Helmerich & Payne had a net margin of 14.14% and a return on equity of 14.98%. The company had revenue of $723.96 million during the quarter, compared to analyst estimates of $702.05 million. Analysts forecast that Helmerich & Payne, Inc. will post 4.11 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.94 annualized dividend and a dividend yield of 4.66%. Helmerich & Payne’s dividend payout ratio (DPR) is 26.25%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Helmerich & Payne from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Royal Bank of Canada cut shares of Helmerich & Payne from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Monday, July 10th. The Goldman Sachs Group increased their price objective on shares of Helmerich & Payne from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Wednesday, August 9th. Susquehanna dropped their price objective on shares of Helmerich & Payne from $45.00 to $40.00 in a report on Friday, June 2nd. Finally, Capital One Financial assumed coverage on shares of Helmerich & Payne in a report on Wednesday, June 28th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.09.

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.