Sequoia Financial Advisors LLC Sells 314 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Sequoia Financial Advisors LLC trimmed its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,217 shares of the oil and gas company’s stock after selling 314 shares during the period. Sequoia Financial Advisors LLC’s holdings in Helmerich & Payne were worth $225,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Metropolitan Life Insurance Co NY lifted its position in shares of Helmerich & Payne by 3.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,313 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 226 shares in the last quarter. Captrust Financial Advisors raised its position in Helmerich & Payne by 1.9% in the 2nd quarter. Captrust Financial Advisors now owns 17,651 shares of the oil and gas company’s stock worth $626,000 after purchasing an additional 334 shares during the last quarter. AlphaMark Advisors LLC lifted 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 buying an additional 346 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Helmerich & Payne by 221.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 367 shares during the last quarter. Finally, Ridgewood Investments LLC increased its stake in shares of Helmerich & Payne by 3.7% in the 4th quarter. Ridgewood Investments LLC now owns 12,544 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 449 shares during the period. Institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HP shares. Citigroup upped 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. The Goldman Sachs Group reduced 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. Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $44.00 to $40.00 in a research report on Wednesday, January 10th. Piper Sandler increased their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Finally, Susquehanna lifted their target price on shares of Helmerich & Payne from $50.00 to $52.00 and gave the stock a “positive” rating in a report on Monday, April 8th. 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 company’s stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $42.88.

Helmerich & Payne Stock Up 1.9 %

Helmerich & Payne stock opened at $41.96 on Friday. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.97 and a beta of 1.51. The company’s 50 day simple moving average is $40.41 and its 200 day simple moving average is $38.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.89. Helmerich & Payne, Inc. has a fifty-two week low of $30.41 and a fifty-two week high of $46.55.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.59 EPS for the current 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 $0.42 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 4.00%. Helmerich & Payne’s payout ratio 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.