Raymond James & Associates Boosts Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Raymond James & Associates boosted its position in Helmerich & Payne, Inc. (NYSE:HP) by 32.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,980 shares of the oil and gas company’s stock after purchasing an additional 17,034 shares during the quarter. Raymond James & Associates’ holdings in Helmerich & Payne were worth $2,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Helmerich & Payne by 1.8% in the 1st quarter. BlackRock Inc. now owns 17,910,973 shares of the oil and gas company’s stock worth $640,317,000 after purchasing an additional 319,188 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Helmerich & Payne by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,891,665 shares of the oil and gas company’s stock worth $439,634,000 after buying an additional 86,545 shares during the last quarter. State Street Corp increased its holdings in shares of Helmerich & Payne by 7.7% in the 1st quarter. State Street Corp now owns 4,335,243 shares of the oil and gas company’s stock worth $154,985,000 after buying an additional 310,770 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Helmerich & Payne by 4.0% in the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock worth $123,508,000 after buying an additional 113,735 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Helmerich & Payne by 13,372.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock worth $101,958,000 after buying an additional 2,400,414 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Down 0.4 %

Shares of HP opened at $41.62 on Tuesday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 9.93, a PEG ratio of 8.76 and a beta of 1.51. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $40.18 and a two-hundred day simple moving average of $38.61. Helmerich & Payne, Inc. has a twelve month low of $30.41 and a twelve month high of $46.55.

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

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 4.04%. Helmerich & Payne’s payout ratio is currently 23.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays lowered shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Piper Sandler increased their price target on shares of Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. The Goldman Sachs Group decreased their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, January 12th. Benchmark lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Susquehanna increased their target price on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a report on Monday, April 8th. Two 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.88.

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.