Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,702 shares of the oil and gas company’s stock after purchasing an additional 2,524 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Helmerich & Payne were worth $895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Earnest Partners LLC raised its stake in shares of Helmerich & Payne by 4.0% during 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. Pacer Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 130.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after purchasing an additional 1,541,987 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Helmerich & Payne by 13,372.8% in the third quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock valued at $101,958,000 after purchasing an additional 2,400,414 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Helmerich & Payne by 1.6% during the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock worth $80,218,000 after purchasing an additional 34,863 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Helmerich & Payne by 10.7% during the 3rd quarter. Invesco Ltd. now owns 1,970,140 shares of the oil and gas company’s stock worth $83,061,000 after purchasing an additional 190,134 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HP shares. Citigroup boosted their price target on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada raised their price target on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Susquehanna reduced their price objective on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday. Finally, Piper Sandler lifted 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $42.63.

Helmerich & Payne Trading Down 0.1 %

NYSE HP opened at $40.39 on Monday. The firm has a market capitalization of $3.99 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. Helmerich & Payne, Inc. has a one year low of $30.41 and a one year high of $46.55. The company has a 50-day simple moving average of $40.75 and a 200-day simple moving average of $38.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.89 and a current ratio of 2.16.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The company had revenue of $677.00 million during the quarter, compared to the consensus estimate of $661.81 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s payout ratio is 28.57%.

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.