Strs Ohio Decreases Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Strs Ohio lowered its position in Helmerich & Payne, Inc. (NYSE:HP) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,600 shares of the oil and gas company’s stock after selling 5,800 shares during the quarter. Strs Ohio’s holdings in Helmerich & Payne were worth $927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management bought a new position in Helmerich & Payne during the 3rd quarter valued at $202,000. Capital Investment Advisors LLC acquired a new position in Helmerich & Payne in the third quarter worth about $222,000. AlphaMark Advisors LLC increased its holdings in Helmerich & Payne by 5.8% in the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 346 shares during the last quarter. Cottage Street Advisors LLC acquired a new stake in Helmerich & Payne during the third quarter valued at approximately $236,000. Finally, Advisor Partners II LLC acquired a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $251,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on HP. Royal Bank of Canada increased their target price on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. The Goldman Sachs Group dropped their price objective 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. Susquehanna lifted their target price on Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Benchmark cut Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Piper Sandler boosted their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.88.

Helmerich & Payne Stock Up 0.2 %

NYSE:HP opened at $42.42 on Thursday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.89 and a current ratio of 2.11. The stock’s fifty day moving average price is $40.71 and its two-hundred day moving average price is $38.70. Helmerich & Payne, Inc. has a 52-week low of $30.41 and a 52-week high of $46.55.

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

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio is 23.87%.

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.